What are the different types of payroll deductions?

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Payroll deductions encompass various categories, including mandatory deductions required by law and voluntary deductions chosen by employees. Mandatory deductions often include federal and state income taxes, Social Security, and Medicare contributions. Voluntary deductions can range from health insurance premiums and retirement plan contributions to items like charitable donations and union dues, allowing employees to customize their deductions based on individual preferences and needs. Additionally, wage garnishments for legal obligations, such as child support or creditor payments, constitute another type of payroll deduction.