Generally, tax is not wittheld on these payouts...although it may well be taxable...the amount of tax depends on many factors especially your other income, other deductions, exemptions, etc., etc. (No 2 people are really the same). If the amount is taxable at all requires having someone review the exact wording of how and why the payment is made. Your attorney should be able to advise you.
yes
Ask at your branch. The usual procedure is to order a box of checks from the printing company which has a contract with your bank. The checks will be mailed to you, and the cost is deducted from your account.
I am 62 and working, does Social Security Tax still come out of pay check
Check rediscounting is a financial facility wherein post-dated checks are exchanged for cash, on-date checks or any other financial instrument that the client can use immediately. A percentage of the check/s to be rediscounted is deducted (usually 10%. the total percentage amount deducted usually depends on the maturity date of the checks) It can be availed from some financial institutions (i.e. banks) or through informal sectors. Check rediscounting may also be considered a loan, and the amount deducted may be considered interest of said loan. Repayment of said loan is through the post-dated checks issued.
It sounds like you are describing a debit card or a check card.
No. Each teacher pays into a retirement system and law prevents them getting full social security even if they have worked other jobs and earned it.
Not really, but if s/he checks you off then go right ahead
Unemployment benefits are not deducted from payroll checks in any of the states. The businesses pays the premiums through payroll taxes to the state, which, in turn, pays the benefits to its recipients.
The last time I went to a check cashing store they took 7 percent away from my check. I have recently heard that Wal-Mart cashes checks for a very low amount.
The most common reasons are to keep any fraudulent checks that have been written from being deducted from the balance. Or to keep an unwanted person from accessing the account to withdraw funds.
When an indvidual has a checking account with their local bank, the bank usually supplies the first batch of checks for no cost. Once those checks are used up, then the individual is required to purchase new ones. Purchasing new checks is easy. An individual may walk in to their bank, call, or visit their website, and simply order the checks. The fee is usually deducted from the checking account. The bank usually has a written guide for new accounts, which an individual may request for free.
1.5 percent