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Payroll Deduction is a payment method used by employers to deduct money from an employee's wages for various purposes. This includes deductions for taxes, insurance, retirement plans, and other benefits. It is a convenient way for employers to manage their payroll and ensure that employees are paid accurately and on time.
Payroll Deduction is a popular payment method for employers, as it allows them to easily manage their payroll and ensure that employees are paid accurately and on time. It also helps employers to comply with tax and other legal requirements. Additionally, it can help employers to reduce their administrative costs.
Companies in the Payroll Deduction market include ADP, Paychex, Intuit, Gusto, and Zenefits. These companies provide payroll services, including payroll deductions, to employers. They also offer other services such as payroll tax filing, employee benefits, and payroll reporting. Show Less Read more