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The amount of income tax that is taken out each year changes and depends on how much you make. However, you will have to pay the standard social security and Medicare taxes. Most people have 10 to 15 percent of their income withheld for taxes.
Wiki User
∙ 9y ago
Wiki User
∙ 12y agoYour gross salary is your salary before the federal with-holding, state with-holding and social security taxes are deducted. once everything is deducted, that money that you get to take home is your net salary or net pay.
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Are Gross Earnings same as insurable earnings?
yes
How do you calculate projected earnings?
Projected earnings are impossible to calculate
What are the gross earnings for the movie jumper?
Gross earnings for the movie Jumper for America, England, The Phillippines and Russia total $105,943686. The film's budget is estimated at $85,000,000.
Can a business make a profit if its revenue declines?
Yes. Usually when people say revenue, they mean gross earnings, and since a profit is generally considered a positive number (gross earnings - costs). As long as gross earnings are great than costs, a profit is still made.
What are the gross worldwide earnings for the movie Titanic?
$1,843,201,268
What is the Difference between gross pay and social security wages?
From the employer to the employee no difference gross pay earnings and social security wages earnings would be the same thing.
What are the gross worldwide earnings for the movie 'Pirates of the Caribbean'?
$654,264,015
What were Walsworth Publishing's gross earnings for 2008?
1,806,700 total
What is the US government's largest source of revenue?
Taxes on business gross profits, and on personal gross earnings.
What is the gross earnings of Call of Duty?
$30,000,000,000+ To date - november 2011
How do you calculate the hourly rate for a salaried employee based on 40 hours a week?
Take to gross weekly earnings and divide by 40 if you have the monthly salary (exculding deductions as above ) divide the monthly gross income by 160 (which is 40 hours per week times 4)
WHAT IS PLURAL OF GROSS?
gross (plural gross or grosses) Twelve dozen = 144. The total nominal earnings or amount, before taxes, expenses, exceptions or similar are deducted.
