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.
For pre-tax contributions, the employee does not pay federal income tax on the amount of current income he or she defers to a 401(k) account, but does still pay the total 7.65% payroll taxes (social security and medicare).or pre-tax contributions, the employee does not pay federal income tax on the amount of current income he or she defers to a 401(k) account, but does still pay the total 7.65% payroll taxes (social security and medicare).