This online tool can compute the 2021, 2020, 2019, 2018, and 2017 federal income tax rates, also known as tax brackets, for individuals. The calculator takes into consideration, wages, salaries, income, adjustments to income, deductions, as well as exemptions. The calculator not only provides an estimate of federal income tax owed, but also Social Security and Medicare taxes too.
It turned out to be a pretty good year for the Dow Jones Industrial Average, with the index rising nearly 10%. As we've done for the past fourteen years, the close of one year signals the time to announce the Dogs of the Dow for 2021.
Payroll taxes for Social Security benefits are collected under the authority of the Federal Insurance Contributions Act, or FICA. This tax has its origins back in 1935, when it was introduced as part of the Social Security program.
You have a new job, and they're offering $1,000 a week to start! That's good news, but even more important than how much money you're making each week, is how much money is making it into your pocket. Payroll taxes can take quite a large bite out of a weekly paycheck.
Ad valorem tax refers to a tax that is based on the assessed value of a property, service, or product. Ad valorem is a Latin phrase which means "according to value," and this type of tax is usually imposed at the time of a transaction. Common examples of an ad valorem tax include property and sales tax.
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Consumer Debt Statistics: The latest statistics from the Federal Reserve indicate consumer debt in the United States continues to increase, reaching nearly $4.15 trillion in August 2020. According to statistics published by the Census Bureau, that works out to over $12,706 in debt for every man, woman and child that lives here in the United States.
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Highest Paying Jobs 2020: In this article, we're going to provide several lists of the highest paying jobs in America, as determined by the U.S. Bureau of Labor Statistics. We're also going to slice and dice that data several different ways, revealing some interesting trends in the information.
