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- Common tax deduction abbreviations include12345:
- FICA - Med: Federal Insurance Contributions Act - Medicare
- FICA - SS: Federal Insurance Contributions Act - Social Security
- Fed/FWT/FIT/FITW: Federal tax withholding
- St Tax/SWT/SIT/SITW: State tax withholding
- Bankrpty: Bankruptcy
- CHD SU: Child support
- Garn: Garnishment flat rate
- Garn %: Garnishment percentage
- StdnLoan: Student loan
- TX Levy: Tax levy
- IRS Levy: Internal Revenue Service levy
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Tax Deduction Abbreviations
- FICA - Med - FICA stands for the “Federal Insurance Contributions Act” and Med stands for “ Medicare .” ...
- FICA - SS - This stands for “ Federal Insurance Contributions Act - Social Security.” ...
www.yourdictionary.com/articles/pay-stub-abbrevia…The following are common after-tax deduction abbreviations: Bankrpty: Bankruptcy CHD SU: Child support Garn: Garnishment flat rate Garn %: Garnishment percentage StdnLoan: Student loan TX Levy: Tax levy IRS Levy: Internal Revenue Service levywww.mrpaystubs.com/pay-stub-abbreviations/Abbreviations such as FT, FWT and Fed Tax are all common when providing the deduction amounts for federal income tax withheld from a paycheck. This amount varies based on your personal situation and your completed Form W-4, which tells the employer how much to withhold for taxes.careertrend.com/13372997/abbreviations-on-a-pay …Tax Deduction Abbreviations and Acronyms
- FICA–Med & FICA–SS: FICA is the acronym for Federal Insurance Contributions Act, and employees are subject to FICA tax withholding. ...
www.realcheckstubs.com/blog/paystubs/pay-stub-a…Tax Deductions Payroll Codes Definition Fed The code refers to the employee’s federal income tax. Other variations for this code include FWT (Federal Withholding Tax) or FITW (Federal Income Tax Withholding). St Tax It refers to state income taxes withheld.paystub.org/posts/payroll-codes - People also ask
After Tax deduction are deductions taken out after tax is calculated. Therefore, after tax deductions don’t affect your tax amounts. The following are common after-tax deduction abbreviations: 1. Bankrpty: Bankruptcy 2. CHD SU: Child support 3. Garn: Garnishment flat rate 4. Garn %: Garnishment … See more
Here are some of the general pay stub abbreviations that you will run into on any pay stub. 1. EN: Employee Name: The name of the Employee. 2. SSN: Social security number: The Employee’s social security number. 3. EID: Employee ID number: A company … See more
There are several different taxes typically displayed and taken out of your pay stubs. These taxes depend on your state and locality. Here are … See more
The following are abbreviations related to income: 1. SLRY: Salary: The amount the employee gets paid for the given pay period. 2. HR: Hourly Rate: The employees’ hourly … See more
Pre-tax deductions are deductions that reduce your taxable income. They are deductions that are taken out from your income before the tax is calculated. Often, pre-tax deductions … See more
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