Name three major categories of deductions from an employee’s gross pay.

Three major categories of deductions from an employee's gross pay include: 1. Taxes: This includes federal, state, and local income taxes, as well as Social Security and Medicare taxes. These taxes are required by law and are calculated based on the employee's income and other factors. 2. Benefits: This includes deductions for health insurance, retirement savings plans such as 401(k) or pensions, and other employee benefits offered by the employer. 3. Voluntary deductions: This includes deductions that an employee may choose to make from their paycheck, such as contributions to a charity or a flexible spending account for healthcare expenses. These deductions are important in ensuring that employees receive their net pay or take-home pay, which is the amount they actually receive after all deductions have been made.