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What are alternate minimal tax and payroll tax? |
You hear these terms thrown in in each political debate regarding taxes... The AMT was devised a number of years ago as a way to make sure those with high incomes were paying tax (since they could most often find ways out of it through deductions and credits). |
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As a CPA i agree wholeheartedly that this is a regressive tax and a great disincentive to small businesses in particular to employ additional staff. The situation becomes even more complex where yo... You better go to your accountant and NOW before this turns into a tax nightmare with heavy fines. You are out of your league handling such errors. ...Looks like the withholding tax for the city of Philadelphia. City of Philadelphia Resident Tax 4.26% That is pretty high. I'm glad I don't live there. ...No, not at all! The fact that the account has expense in the title means that it is an expense, and it needs to go in the expense part of your income statement! If you haven't yet paid the pay... This is a good question, and it comes up periodically, amongst candidates for the Senate and House. Once the candidate gets elected, we generally never hear about the issue again, since this is a ... If a company pays directly to you (for making payment to a third party moving household goods) under nonaccountable plan, then that amount will be included in your W2. Then to deduct your work rela... This is the IRS online tool for this calculation ...Payroll taxes are a combination of taxes paid by the employer and employee. First off are income tax withheld from the employees' pay. We are all familiar with that. Then there are Soci... |
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