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What will be the medicare deduction in 2013?

The Medicare deduction in 2013 was 1.45% of an individual's wages or self-employment income. For high-income earners, an additional 0.9% was added for income over certain thresholds.


Can you claim someone receiving workman's compensation?

Workmen's comp does not necessarily eliminate someone as a claimed deduction.


What is the impact of stock offset on my paystub?

Stock offset on your paystub refers to the deduction of the value of company stock you receive as part of your compensation. This deduction can reduce your take-home pay, as the value of the stock is subtracted from your overall earnings. It is important to be aware of this impact on your paystub to understand how it affects your total compensation.


What is an allowable compensation deduction?

In many business situations, the amount of executive salary (or partnership salary) that is deductibel is restricted for tax purposes.


If any expenses have been recovered which were allowed as deduction will be taxes as business income?

yes


Is deferred compensation considered earned income for IRA contribution limits?

Unfortunately Deferred Compensation is not considered earned income for IRA deduction limits. See IRS publication 590, page 7, table 1-1. Here it specifically has Def Comp plans listed in the column of income NOT included when figuring your IRA deduction.


What is the maximum deduction percentage allowed for a Colorado Notice of Attachment of Earnings?

Up to 50% Net disposable


What kind of workers was allowed to join the union American federation of labor?

The Knights welcomed all wage earners of former wage earners including women; they excluded only bankers, doctors, lawyers,stockbrokers, professional gamblers and liquor dealers.


What are the top 10 wage earners in the world?

what are the top10 wage earners


Annual value of house property and deduction allowed there for?

According to average statistics, the annual value of a house property is around $80,000. This, however, is for middle class or slightly upper median homes. The deduction allowed is around $4,000 per year. This, however, depends on exactly what you are deducting and writing off of the house.


Can your husband claim you as a dependent on your tax return?

A spouse is never considered a dependent. However, you can claim an exemption for your husband as long as you file a joint return. You also are allowed an exemption deduction for yourself. A spouse is never considered a dependent. However, you can claim an exemption for your husband as long as you file a joint return. You also are allowed an exemption deduction for yourself. A spouse is never considered a dependent. However, you can claim an exemption for your husband as long as you file a joint return. You also are allowed an exemption deduction for yourself.


Can a business use workmens comp for a tax deduction?

The workman's compensation is not obligated to the federal or state tax deductions. The business can use the workman's comp given out as a tax deduction and the individual can only attempt a tax deduction if payment has been held for an extended period of time.