How Choose From Your Canadian Tax Software Programs: Difference between revisions

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Revision as of 23:24, 22 September 2024

How many of us count our tax returns? The truth is, hardly if any. Regarding eyes of the government, not all income sources are treated equally. For example, when you are working for your employer as an employee and you duly pay your taxes at the end of the period. This has been going on for very many years. The amount of taxes paid is noticeable to work as the same each year (give and take). Therefore, it may as though very earned income will probably be taxed equally when.

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I was paid $78,064, which I am taxed on for Social Security and Healthcare. I put $6,645.72 (8.5% of salary) transfer pricing into a 401k, making my federal income taxable earnings $64,744.

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