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The Employee Retention Credit is a refundable tax credit against an employer's payroll taxes. [2] It was established as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law by President Donald Trump, in order to help employers during the pandemic. [3] The American Rescue Plan Act of 2021, signed into law ...
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.
Location of Somerset in Pulaski County, Kentucky. / 37.08444°N 84.60806°W / 37.08444; -84.60806. Somerset is a home rule-class city in Pulaski County, Kentucky, United States. The city population was 11,924 according to the 2020 census. It is the seat of Pulaski County.
Aug. 23—Property owners within the city of Somerset are looking at their 12th year in which tax rates will stay the same — if council members approve the proposed rates as presented during the ...
Sep. 12—Somerset City Council approved the new property tax and bank franchise tax rates on Monday evening, and they look a lot like the rates that have been in place for more than a decade. The ...
110-112 East Mount Vernon Street. Somerset, Kentucky 42501. United States. Circulation. 8,971 daily [1] Website. somerset-kentucky.com. The Commonwealth Journal is a six-day (Monday through Saturday) morning daily newspaper based in Somerset, Kentucky, and covering Pulaski County. It is owned by Community Newspaper Holdings Inc.
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