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Nearly Half of All Americans Pay No Income Taxes
In a February 8, 2012 report by the Heritage Foundation, it was found that nearly half of all Americans pay no income taxes. The 2012 Index of Dependence on Government by William Beach and
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A Clear Resolution Has Yet to Emerge in Payroll Tax Debate
In three short weeks, many taxpayers will begin to take home less if Congress cannot come to an agreement on whether to extend the 2% payroll tax holiday. The 2% reduction is applied to
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Tip Income
Top 3 Takeaways 1: Tips are Subject to Income Tax Tips are generally considered as wages and subject to tax. Employers are required to withhold federal income taxes, pay Social Security taxes and pay
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Calculating Payroll Tax
Top Takeaways 1: Payroll Taxes Responsibilities on Employee Side Employees pay Social Security, Medicare, Federal withholding, State withholding, and State disability taxes in the state of California. The Social Security percentage is 6.2% of
Read More »Paying Payroll Tax
Top Takeaways 1: Payment requirements of Employment Taxes Varies Employees pay Social Security, Medicare, Federal withholding, State withholding, and State disability in the state of California. Employers are also responsible for paying Social Security,
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Filing Payroll Tax
Top Takeaways 1: Quarterly Employment Tax Payments are due 4 times a year Quarterlies are required to be filed four times a year at the end of each calendar quarter. In the state of
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