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No. Just to start, you can't deduct income you didn't make or report.
There is a lot of money I didn't make last year....I didn't win the $100,000,00 lottery..so while I didn't report it or pay taxes on it (I could)....I certainly can't deduct it.
The lottery example is inapplicable to this question. Although the answer (No, you can't deduct lost wages) is correct, lottery winnings are not wages.
What else can I help you with?
What are the percentage rates for federal income taxes?
What federal income tax percent should my employer deduct from my wages
What percent of taxes are taken out of your pay check in Massachusetts?
Your employer will deduct 5.3% of your wages for Massachusetts income tax. Based on your pay rate and the W-4 you filled out, they will deduct about 28% for the Federal Government, plus SSIC.
How do you deduct wages earned but not paid?
If the wages were not paid to you, then you didn't pay any taxes on them. You already got your deduction, you can't have a second one. If you are saying that your employer put wages on your W-2 that he didn't pay you, then ask your employer for a corrected W-2.
Who pays more taxes wages or salary?
Wages and salary are taxed identically.
Taxes paid on wages from work or returns on investments are known as?
income taxes
Can you write off employee wages on your taxes?
Yes, you can generally deduct employee wages as a business expense on your taxes.
Is it legal for an employer not to deduct or pay social security taxes from their employee wages?
No.
What are the percentage rates for federal income taxes?
What federal income tax percent should my employer deduct from my wages
What percent of taxes are taken out of your pay check in Massachusetts?
Your employer will deduct 5.3% of your wages for Massachusetts income tax. Based on your pay rate and the W-4 you filled out, they will deduct about 28% for the Federal Government, plus SSIC.
How do you deduct wages earned but not paid?
If the wages were not paid to you, then you didn't pay any taxes on them. You already got your deduction, you can't have a second one. If you are saying that your employer put wages on your W-2 that he didn't pay you, then ask your employer for a corrected W-2.
Can you deduct lost wages on your taxes due to an on the job accident and workers comp only paid you 60 percent of your normal pay?
No. You cannot deduct lost income when you never claim the actual income in the first place. You are only taxed on the amount of taxable income that you received. The reason that Worker's Compensation pays you at this level is that you are not paying income taxes, state taxes, social security taxes nor medicare taxes on this income.
Can your employer deduct credit card fees from your wages?
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How is state unemployment funded?
Employers deduct a portion of employees' paychecks to deposit into an unemployment insurance fund each pay period.
Can a lender garnish your wages and income taxes after repossession?
IF they have a JUDGEMENT for the balance due, they can garnishee your wages. Income taxes?? NO
What percentage of your gross wages do you contribute to FICA taxes?
The percentage of your gross wages that you contribute to FICA taxes is 7.65.
Is an employer required by law to notify the employee before garnishing wages?
The company does have to notify the employee before deduct from their wages. Many states have laws covering this and in some states thay cannot deduct without the employee's written authorization.
Colonial powers harmed their colonies by?
Keeping wages low and taxes to high
