Use of the term Anglo-Saxon begins with Walter Scott, as an adjective meant to differentiate the common people of England from the haughty and oppressive Norman-French aristocracy (the so-called Norman yoke).
Pretax Payroll Deductions. Pretax payroll deductions are qualified deductions that lower your employees' taxable wages. You subtract their contributions from their gross wages before figuring their tax withholding. Some pretax deductions reduce taxable wages for income tax; others reduce taxable wages for Social Security and Medicare taxes.
Pre-Tax Basis. 1  Insurance premiums are deducted from your gross pay before Medicare, Federal, and State taxes are calculated thus reducing your tax liability. 2  The impact of pre-tax deductions for insurance premiums and Flexible Spending Accounts (FSA) on your retirement plan depends on whether you are enrolled in the DCP or PERA.