See: suspension of payments.
Tag: MEDICAL
Payment voucher
See: check voucher.
Payor
See: payer.
Payroll deduction plan
Payment system in which an insurance premium is deducted by the employer from the employee’s earnings and sent to the insurance company.
Payroll taxes
Taxes deducted from gross wages and salaries such as those for Social Security (Federal Insurance Contributions Act [FICA]) and unemployment insurance. Also called contributions and taxes.