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Wages are typically calculated before taxes are deducted.

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AnswerBot

5mo ago

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Do you pay New Mexico state tax if you live in New Mexico but work in Texas?

You pay New Mexico taxes, but your wage tax will still be deducted by Texas.


What is your income limit this year where SS will stop being taken out of your ckeck?

For 2023, the Social Security Administration has set the wage base limit at $160,200. Once your earnings exceed this amount, Social Security taxes will no longer be deducted from your paycheck for the remainder of the year. However, Medicare taxes continue to be deducted regardless of income level.


What percent of your paycheck goes to taxes if you make minimum wage?

The percentage of your paycheck that goes to taxes if you make minimum wage varies depending on your location and specific tax situation, including federal, state, and local taxes. In the U.S., the federal minimum wage is $7.25 per hour, and after accounting for federal income tax, Social Security, and Medicare taxes, an individual might see around 10-15% of their paycheck deducted for taxes. State and local taxes can further affect this percentage. Overall, the total tax rate for minimum wage earners can range from around 10% to 20%, depending on various factors.


What is the average wage for a 20 year old MOT tester?

avreage wage is around 300 pound a week before taxes


What is the difference between Gross Income and Net Income as it is applied to the typical worker?

Gross income usually is the money someone or something has earned before any deductions such as taxes, expenses, or promotion has been deducted. If you are receiving money after such expenses have been deducted, you are receiving money based on NET income.


How much do the top 5 of wage earners make?

In the US: $153,542 or more, before deducting taxes


What is deducted from a pay slip?

Money can be deducted from a payslip. However, in some jobs it is illegal to deduct money. There may be a minimum wage that must be paid.


Who pays taxes?

50 % of wage earners pay no taxes!!


Who pays no taxes?

50 % of wage earners pay no taxes!!


On a base salary of 115000 What is your weekly wage?

$115,000 / 52 weeks = $2,211.53 per week (before taxes).


Is base salary the same as hourly rate?

No, Base Salary is your yearly income before commissions or bonuses. This Figure is before taxes are deducted Hourly rate is a set wage that you charge or earn for work performed. Hourly rate Formula: Divide annual rate of basic pay by 2,087 hours. $55000 Base salary = $26.36 Hourly rate


What is it called when is money paid in return for work?

'Compensation' - 'Pay' - 'Salary' - 'Gross income before taxes' - 'Net profit acfter taxes' - 'Remuneration' - etc....