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Q: How does my employer take out deductions?
If you opt to get employee benefits like health, dental, disability or life insurance, the fees for those benefits will be deducted from your gross pay each payment period. How much of an impact that makes depends on what benefits your employer offers and which ones you decide to take.
Your employer might also offer flexible savings accounts to cover dependent care, train fare, or health care costs that aren’t paid for by insurance (like co-pays for doctor visits). Money also goes to these accounts before tax deductions are made. Typically, the money is taken out of your paycheck a little at a time. You then get reimbursed over the year as you incur the expenses.
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