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  2. Breaking Down the Employee Retention Tax Credit

    www.aol.com/finance/breaking-down-employee...

    “The Employee Retention Tax Credit is an incentive program enacted as part of Congress’s response to the COVID-19 crisis,” said Brent Johnson, co-founder and CEO of Clarus, a software R&D ...

  3. Taxation in California - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_California

    Payroll tax. As of 2020, California charges between 3.4 (new employers) and 6.2 percent (maximum) in Unemployment Insurance (UI) Tax on the first 7000 dollars of wages in a year, paid by the employer. Employment Training Tax (ETT) is 0.1 percent, paid by some employers, on the first 7000 dollars of wages.

  4. Millions Are About to Get Slammed with a Surprise Tax Bill ...

    www.aol.com/owe-taxes-2020-unemployment-checks...

    The same way employers withhold payroll taxes before you receive your paycheck, the agency paying your unemployment can also withhold taxes. You can file Form W-4V , Voluntary Withholding Request ...

  5. The 10 Most Overlooked Tax Deductions - AOL.com

    www.aol.com/10-most-overlooked-tax-deductions...

    Here are our 10 most overlooked tax deductions. Claim them if you deserve them, and keep more money in your pocket. 1. State sales taxes. This write-off makes sense primarily for those who live in ...

  6. Payroll tax - Wikipedia

    en.wikipedia.org/wiki/Payroll_tax

    Payroll taxes are taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their employees. By law, some payroll taxes are the responsibility of the employee and others fall on the employer, but almost all economists agree that the true economic incidence of a payroll tax is unaffected by this distinction, and falls largely or ...

  7. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    There is an additional Medicare tax of 0.9% on wages above $200,000. Employers must withhold income taxes on wages. An unemployment tax and certain other levies apply to employers. Payroll taxes have dramatically increased as a share of federal revenue since the 1950s, while corporate income taxes have fallen as a share of revenue.

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