Examples
of voluntary deductions include health insurance, supplemental insurance, life insurance and retirement plan contributions.
During car policy renewal, policyholders may opt
for voluntary deduction — an amount that policyholders have to pay during claim settlement.
Employees of a business are not allowed to set up a PAC that takes voluntary automatic payroll deductions meant for political spending in New York, but unions can take
such voluntary deductions out of workers» paychecks for campaign efforts.
Other voluntary deductions are post-tax deductions, which means your employer subtracts the cost of the benefit from your net wages — the amount of pay left after taxes and pre-tax deductions are subtracted.
Total Future Income Purchases For individuals who funded the Future Income rider on a variable annuity policy, the total amount of
voluntary deductions from the Variable Accumulation Value used to purchase Future Income Payments.
A
higher voluntary deduction makes sense in two cases — one, if you are an extremely safe driver, which significantly lowers the chances of an accident; two, if you have not claimed insurance for a few consecutive years.
Assured the processing of all fixed and
voluntary deductions as well as the liens, garnishments and direct deposit requests.
Federal law protects up to $ 217.50 per week net after taxes and other deductions, not including
voluntary deductions.
The voluntary deduction is the sum that the insurance buyer is supposed to pay if there is any road mishap.
If you choose to pay a higher amount towards
the voluntary deduction component of your car insurance policy, the premium gets lowered to a certain extent, helping you save your car policy renewal costs.
Increasing deductibles or
voluntary deduction can reduce your car insurance premium.
If
your voluntary deduction is zero, you would get the entire claim amount if there is an accident.
At the time of car policy renewal, current policyholders are entitled to opt for a voluntary deduction.As per the norm, policyholders are supposed to pay
this voluntary deduction amount at the time of claim settlement.
Data entry of employee maintenance including tax forms, direct deposit authorization, salary change, garnishments and
voluntary deductions.
Calculated adjustments for overtime, vacations, severance, 403B, garnishments, statutory deductions and assured proper processing of
all voluntary deductions and direct deposits.
Process payroll for School District employees, including calculation of wages, insurance deductions, state and federal mandated deductions, union dues,
voluntary deductions, child support and garnishments.