Not exact matches
Payroll Tax: This type of tax is imposed on employers or employees and is generally falls into two categories:
deductions from workers»
wages, and taxes paid by the employer
after calculating the percentage of salaries paid to the staff.
Other voluntary
deductions are post-tax
deductions, which means your employer subtracts the cost of the benefit from your net
wages — the amount of pay left
after taxes and pre-tax
deductions are subtracted.
The standard medicare
deduction for
wages earned
after 1990 is 1.45 percent.
After that level of taxable income, the special
deduction depends on the
wages the business pays.
Under the Ontario
Wages Act, a judgement creditor (like a bank or credit card company) can garnishee up to 20 % of your net wages (after statutory deductions for taxes, CPP, and Employment Insura
Wages Act, a judgement creditor (like a bank or credit card company) can garnishee up to 20 % of your net
wages (after statutory deductions for taxes, CPP, and Employment Insura
wages (
after statutory
deductions for taxes, CPP, and Employment Insurance).
For landlords who have greater than $ 157,500 (single) or $ 315,000 (married filing jointly) in qualified taxable income, they can select an alternative
deduction of (i) the greater of 50 % of all W — 2
wages, or (ii) the sum of 25 % of the W — 2
wages plus 2.5 % of the unadjusted basis immediately
after acquisition of all qualified property.