Bitches doing Payroll
The taxable portion of Group Term Life Insurance refers to the portion of the insurance coverage that is subject to federal income tax. Under the Internal Revenue Service (IRS) rules, the cost of group term life insurance coverage provided by an employer is generally tax-free …
Local withholding taxes are taxes that are withheld from an employee’s paycheck by their employer and are paid to local government entities. These taxes are in addition to federal and state withholding taxes. Local withholding taxes can include taxes for city, county, and school district …
The Additional Medicare Tax is a tax that was introduced as part of the Affordable Care Act (ACA) and is designed to help fund Medicare. It is a 0.9% tax that applies to wages, salaries, and self-employment income above certain thresholds.The threshold for the Additional …
Yes, Social Security and OASDI (Old-Age, Survivors, and Disability Insurance) are essentially the same thing. OASDI is the official name of the program that provides retirement, survivor, and disability benefits to eligible individuals. It is commonly referred to as Social Security because it is administered …