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  2. Payroll - Wikipedia

    A payroll is the list of employees of some company that is entitled to receive payments as well as other work benefits and the amounts that each should receive. Along with the amounts that each employee should receive for time worked or tasks performed, payroll can also refer to a company's records of payments that were previously made to employees, including salaries and wages, bonuses, and ...

  3. Tax deduction - Wikipedia

    Tax deduction is a reduction of income that is able to be taxed and is commonly a result of expenses, particularly those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and credits. The difference between deductions, exemptions and credits is that deductions and exemptions both reduce ...

  4. Paycheck - Wikipedia

    A paycheck, also spelled pay check or pay cheque, is traditionally a paper document (a cheque) issued by an employer to pay an employee for services rendered. In recent times, the physical paycheck has been increasingly replaced by electronic direct deposits to the employee's designated bank account or loaded onto a payroll card.

  5. Income tax - Wikipedia

    An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income. Taxation rates may vary by type or characteristics of the taxpayer and the type of income.

  6. Taxation in Norway - Wikipedia

    Personal income includes wage income and business income due to active efforts, but generally not capital income, and there is no deductions in labor income and limited right to charge a deduction from business income. The tax rate is 5.1% for pension income, 8.2% for wage income and 11.4% for other business income.

  7. Corporate tax - Wikipedia

    Such taxes may include income or other taxes. The tax systems of most countries impose an income tax at the entity level on the certain type(s) of entities (company or corporation). The rate of tax varies by jurisdiction. The tax may have an alternative base, such as assets, payroll, or income computed in an alternative manner.

  8. Above-the-line deduction - Wikipedia

    List of the above-the-line deductions. Internal Revenue Code Section 62(a)(1) allows above-the-line deductions for most ordinary and necessary business expenses which are attributable to a trade or business carried on by the taxpayer, if such trade or business does not consist of the performance of services by the taxpayer as an employee.

  9. Taxation in Australia - Wikipedia

    The rate of payroll tax is 5.50%. The annual threshold is $1,500,000. The monthly threshold is $125,000. Payroll taxes in Queensland. Companies or groups of companies that pay $1,100,000 or more a year in Australian wages must pay payroll tax. There are deductions, concessions and exemptions available to those that are eligible.