it is approxamately 31%
49%
8.75%
No. method of payment does not change the taxability of the premium.
From his gross pay YES. When you have your net take home paycheck in your hand you do NOT have any thing taken out of your net take home paycheck or withheld from your net take home paycheck.
Before
it is approxamately 31%
49%
49%
Yes, they do if there are employed they are deducted from their paycheck
8.75%
Social Security is deducted from a worker's paycheck by their employer.
No. method of payment does not change the taxability of the premium.
From his gross pay YES. When you have your net take home paycheck in your hand you do NOT have any thing taken out of your net take home paycheck or withheld from your net take home paycheck.
You can use the following calculator to determine how much tax will be deducted from your paycheck: http://www.paycheckcity.com/NetPayCalc/netpaycalculator.asp Remember that the amount of income tax deducted depends on how you fill out Form W-4 that you give to your employer. It is not the real amount of tax you owe. The real amount is calculated when you fill out your tax return at the end of the year. When you fill out and file your tax return, you will get a refund if too much was deducted or you will pay more if not enough was deducted.
You can use the following calculator to determine how much tax will be deducted from your paycheck: http://www.paycheckcity.com/NetPayCalc/netpaycalculator.asp Remember that the amount of income tax deducted depends on how you fill out Form W-4 that you give to your employer. It is not the real amount of tax you owe. The real amount is calculated when you fill out your tax return at the end of the year. When you fill out and file your tax return, you will get a refund if too much was deducted or you will pay more if not enough was deducted.
You can use the following calculator to determine how much tax will be deducted from your paycheck: http://www.paycheckcity.com/NetPayCalc/netpaycalculator.asp Remember that the amount of income tax deducted depends on how you fill out Form W-4 that you give to your employer. It is not the real amount of tax you owe. The real amount is calculated when you fill out your tax return at the end of the year. When you fill out and file your tax return, you will get a refund if too much was deducted or you will pay more if not enough was deducted.