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Revision as of 02:43, 17 September 2024
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For his 'payroll' tax as transfer pricing a staff member he pays 7.65% of his $80,000 which is $6,120. His employer, though, must pay the same 7.65% - another $6,120. So in between the employee fantastic employer, the fed gets 15.3% of his $80,000 which for you to $12,240. Note that an employee costs a company his income plus 7.65% more.
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