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2. Is Gross Income Before or After Taxes? - AOL

   www.aol.com/finance/gross-income-taxes-210844041...

   Gross income is the total amount you earn before any deductions, while net income is what you take home after deductions like taxes. Knowing your gross income can help you budget and plan for ...

3. Offered a New Job? Here’s How To Tell What Your Paycheck Will ...

   www.aol.com/offered-job-tell-paycheck-really...

   The term “gross pay” typically refers to the amount you earn before taxes and various deductions, including health insurance. When you are offered a job, your prospective employer will provide ...

4. What Is a 1040 Tax Form? 3 Things To Know Before You File - AOL

   www.aol.com/finance/1040-tax-form-3-things...

   Form 1040 is the document U.S. taxpayers use to file their tax returns each year. This form is available electronically and as a paper copy. It has the following sections: Filing Status: Taxpayers ...

5. Payroll tax - Wikipedia

   en.wikipedia.org/wiki/Payroll_tax

   The tax is paid by employers based on the total remuneration (salary and benefits) paid to all employees, at a standard rate of 14% (though, under certain circumstances, can be as low as 4.75%). Employers are allowed to deduct a small percentage of an employee's pay (around 4%). [7] Another tax, social insurance, is withheld by the employer.

6. Adjusted gross income - Wikipedia

   en.wikipedia.org/wiki/Adjusted_gross_income

   Adjusted gross income is gross income less deductions from a business or rental activity and 21 other specific items. Several deductions ( e.g. medical expenses and miscellaneous itemized deductions) are limited based on a percentage of AGI. Certain phase outs, including those of lower tax rates and itemized deductions, are based on levels of AGI.

7. Federal Insurance Contributions Act - Wikipedia

   en.wikipedia.org/wiki/Federal_Insurance...

   The Federal Insurance Contributions Act is a tax mechanism codified in Title 26, Subtitle C, Chapter 21 of the United States Code. [3] Social security benefits include old-age, survivors, and disability insurance (OASDI); Medicare provides hospital insurance benefits for the elderly. The amount that one pays in payroll taxes throughout one's ...