• Thumbnail for Payroll tax
    Payroll taxes are taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their employees...
    36 KB (4,066 words) - 17:44, 7 November 2024
  • Thumbnail for Federal Insurance Contributions Act
    Contributions Act (FICA /ˈfaɪkə/) is a United States federal payroll (or employment) tax payable by both employees and employers to fund Social Security...
    41 KB (4,410 words) - 23:50, 6 September 2024
  • Thumbnail for Payroll
    exemptions, record keeping, and tax requirements. In recent years, there has been a significant shift towards cloud-based payroll solutions. These platforms...
    14 KB (1,564 words) - 06:23, 21 November 2024
  • payroll tax is levied under the Payroll Tax Act 2007 and administered by the Taxation Administration Act 1996. Prior to 1 July 2007 – In NSW, payroll...
    35 KB (3,776 words) - 04:47, 22 November 2024
  • Thumbnail for Taxation in Sweden
    plus the payroll tax. The employer makes monthly preliminary deductions (PAYE) for income tax and also pays the payroll tax to the Swedish Tax Agency....
    19 KB (2,085 words) - 16:19, 10 October 2024
  • Thumbnail for Taxation in the United States
    federal, state, and local governments with taxes imposed at each of these levels. Taxes are levied on income, payroll, property, sales, capital gains, dividends...
    119 KB (15,292 words) - 16:48, 11 November 2024
  • later, the devolution of the power to levy payroll taxes to the states in 1971. In 1951, the top marginal tax rate for incomes above £10,000 (equivalent...
    55 KB (3,701 words) - 03:42, 22 November 2024
  • Tax withholding, also known as tax retention, pay-as-you-earn tax or tax deduction at source, is income tax paid to the government by the payer of the...
    25 KB (3,434 words) - 21:18, 6 October 2024
  • and taxes withheld are reported to payees and the government annually. During World War II, Congress introduced payroll withholding and quarterly tax payments...
    13 KB (1,679 words) - 02:55, 18 January 2024
  • Thumbnail for Income tax in the United States
    state income taxes. Income taxes are levied on wages as well as on capital gains, and fund federal and state governments. Payroll taxes are levied only...
    140 KB (14,374 words) - 20:35, 9 September 2024
  • Thumbnail for Social Security (United States)
    determined by law (see tax rate table), are subject to the Social Security payroll tax. Wage and salary earnings above this amount are not taxed. In 2024, the...
    172 KB (20,330 words) - 10:43, 17 November 2024
  • Thumbnail for Reaganomics
    of individual income tax cuts. The 1982 tax increase undid a third of the initial tax cut. In 1983 Reagan instituted a payroll tax increase on Social Security...
    69 KB (7,793 words) - 03:08, 20 November 2024
  • considered a tax haven; however, Bermuda does levy a number of taxes, such as a payroll tax on employers and land taxes. There is no corporate income tax in Bermuda...
    5 KB (702 words) - 15:01, 28 August 2023
  • criticized for being a "regressive tax" even though such products are generally not taxed directly. Payroll taxes, such as FICA and Unemployment Insurance...
    32 KB (3,789 words) - 20:18, 9 November 2024
  • to its three components. It is primarily funded through a dedicated payroll tax. During 2015, total benefits of $897 billion were paid out versus $920...
    129 KB (15,760 words) - 01:06, 16 November 2024
  • Thumbnail for Expenditures in the United States federal budget
    dedicated payroll tax of 12.4%. This means that Social Security will be paid at least to the extent of payroll tax collections. Program payroll tax collections...
    48 KB (5,730 words) - 20:49, 12 November 2024
  • not obliged to filling obligations on their income tax. However, individuals are subject to a payroll deduction made of up to 8% for employees with additional...
    28 KB (3,961 words) - 15:49, 3 November 2024
  • Thumbnail for United States federal budget
    approximately 46% of the federal income taxes, excluding payroll taxes. The federal payroll tax (FICA) partially funds Social Security and Medicare. For...
    109 KB (12,205 words) - 15:22, 20 November 2024
  • Congress introduced payroll withholding and quarterly tax payments. Following World War II tax increases, top marginal individual tax rates stayed near...
    56 KB (7,277 words) - 21:11, 3 November 2024
  • true tax burden to either the corporation or the individual in the listed country. Top Marginal Tax Rates In Europe 2022 Payroll and income tax by OECD...
    41 KB (2,002 words) - 21:38, 23 October 2024
  • broad categories: Income tax Payroll tax Property tax Consumption tax Tariff (taxes on international trade) Capitation, a fixed tax charged per person Fees...
    13 KB (2,017 words) - 14:37, 31 October 2024
  • rely on increasing payroll, rather than under the old system which allowed teams to not increase payroll and still collect from tax payors. With the 2002...
    24 KB (2,420 words) - 07:27, 12 October 2024
  • The bank payroll tax was a nonrecurring case of specific tax regime that was set to temporarily change the circumstances under which relevant employees...
    9 KB (1,284 words) - 15:15, 4 March 2023
  • Corporate Federal Taxes, income taxes, payroll taxes, estate taxes, gift taxes, and excise taxes. This table does not include federal tax revenue data from...
    34 KB (935 words) - 02:16, 3 November 2023
  • Thumbnail for Tax law
    tax revenue is derived or levied, e.g. income tax, estate tax, business tax, employment/payroll tax, property tax, gift tax and exports/imports tax....
    11 KB (1,220 words) - 12:52, 25 May 2024
  • Thumbnail for State income tax
    devolution of the power to levy payroll taxes to the states in 1971. Income tax in the United States Jock tax State tax levels in the United States Taxation...
    85 KB (8,529 words) - 16:05, 16 September 2024
  • Thumbnail for Social Security Trust Fund
    Security Administration. The Social Security Administration collects payroll taxes and uses the money collected to pay Old-Age, Survivors, and Disability...
    39 KB (4,506 words) - 07:09, 10 November 2024
  • Thumbnail for Taxation in California
    Analysis of the Tax Systems in All 50 States (5th ed.). Institute on Taxation & Economic Policy. January 2015. p. 6. 🖉"What Are State Payroll Taxes?". edd.ca...
    24 KB (3,273 words) - 19:00, 3 November 2024
  • Thumbnail for Progressivity in United States income tax
    example, the payroll tax system (FICA), a 12.4% Social Security tax on wages up to $117,000 (for 2013) and a 2.9% Medicare tax (a 15.3% total tax that is often...
    31 KB (3,390 words) - 05:40, 2 June 2023
  • all federal income taxes (including the alternative minimum tax, corporate income taxes, and capital gains taxes), payroll taxes (including Social Security...
    105 KB (11,237 words) - 19:21, 17 November 2024