10 Reasons Why Hiring Tax Service Is Significant: Difference between revisions
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Revision as of 09:43, 27 February 2025
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The 'payroll' tax applies at a hard percentage of your working income - no brackets. Being an employee, devote 6.2% of the working income for Social Security (only up to $106,800 income) and 1.45% of it for Medicare (no limit). Together they take an additional 7.65% of the income. There's no transfer pricing tax threshold (or tax free) associated with income in this system.
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