Difference between revisions of "Dealing With Tax Problems: Easy As Pie"

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Latest revision as of 02:23, 5 October 2024

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The 'payroll' tax applies at a hard percentage of your working income - no brackets. As an employee, devote 6.2% of your working income for Social Security (only up to $106,800 income) and sole.45% of it for Medicare (no limit). Together they take one transfer pricing 7.65% of the income. There's no tax threshold (or tax free) involving income for this system.

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