Depending on the coverage and employer policies, these may be pre-tax or post-tax deductions. Employers and employees typically share the cost of such coverage. Insurance CoverageĮmployers may provide various insurance coverages as part of a benefits package. These accounts allow employees to save pre-tax money to use for qualified medical expenses. For example, flexible spending accounts (FSAs) and health savings accounts (HSAs) may be available to employees depending on the type of health insurance coverage they have. Employees pay a portion of the premiums via payroll deductions depending on the plan selected, employer contribution and level of coverage.Įmployers may offer additional benefits related to health that payroll deductions can fund. Health PlansĮmployers often provide health insurance to employees. Many employers offer matching contributions, meaning they match up to a certain percentage of the employee contributions. The retirement contributions included in a paycheck depend on an employee’s contribution rate and any employer-matching contributions. Employees then determine how the funds are invested, whether in stocks, bonds, mutual funds or other assets. At the same time, the employee will determine the amount to contribute, which is generally done through an automatic payroll deduction. Employers usually determine the type of retirement plan available. There are various retirement plans an employee can contribute to, such as 401(k), SEP and SIMPLE IRA. Here are some of the most common pre-tax deductions that can lower an employee’s taxable income. Many are optional and offered as part of a benefits package by an employer. Send us feedback about these examples.There are various pre-tax deductions available. These examples are programmatically compiled from various online sources to illustrate current usage of the word 'gusto.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. 2023 Well, the truth is that this is a spring in which Francona has shown new life, new energy and gusto. Elisabeth Carroll Parks, Chron, 19 Apr. 2022 The couple took their new responsibility seriously, but with gusto. Laura Lajiness Kaupke, Harper's BAZAAR, 23 Aug. 2023 There's always a time and place for embracing a more-is-more mentality with new trends, piling on jewelry, and wearing your boldest color with absolute gusto (hello, hot pink á la Barbiecore). ![]() 2023 And on that front, John Wick still delivers with mad gusto. Tom Krasovic, San Diego Union-Tribune, 10 Apr. 2023 Former ace pitcher David Cone raved over Seidler’s gusto. Alex Fox, Smithsonian Magazine, 20 Apr. 2023 Lockery and his colleagues show, in a study published Thursday in Current Biology, that even the millimeter-long nematode worm Caenorhabditis elegans chows down on its favorite foods with extra gusto while under the influence of cannabis molecules called cannabinoids. Paul’s Church to hold their monthly meeting. Sheri Linden, The Hollywood Reporter, In Covent Garden, after a few hours of cheekily delivering rhyming Cockney slang to curious crowds and singing old tunes with gusto while collecting donations, the pearlies make their way into the nearby St. ![]() ![]() ![]() Recent Examples on the Web Sharon, the divorced federal judge played by Bergen, has retired and is still playing the field with gusto.
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