10 Reasons Why Hiring Tax Service Is Crucial: Difference between revisions
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Revision as of 16:54, 5 October 2024
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For his 'payroll' tax as a staff member he pays 7.65% of his $80,000 which is $6,120. His employer, though, must spend the money for same 7.65% - another $6,120. So in between the employee with his employer, the fed gets 15.3% of his $80,000 which to be able to $12,240. Note that an employee costs a company his income plus 1.65% more.
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