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  2. Federal Insurance Contributions Act tax - Wikipedia

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

    The Federal Insurance Contributions Act (FICA / ˈ f aɪ k ə /) is a United States federal payroll (or employment) contribution directed towards both employees and employers to fund Social Security and Medicare —federal programs that provide benefits for retirees, people with disabilities, and children of deceased workers.

  3. Taxation in Australia - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_Australia

    Prior to 1 July 2007 – In NSW, payroll tax was levied under the Payroll Tax Act 1971 and administered by the Taxation Administration Act 1996. Payroll taxes in Northern Territory. From 1 July 2012: 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

  4. Time clock - Wikipedia

    en.wikipedia.org/wiki/Time_clock

    An early and influential time clock, sometimes described as the first, was invented on November 20, 1888, by Willard Le Grand Bundy, a jeweler in Auburn, New York.His patent of 1890 speaks of mechanical time recorders for workers in terms that suggest that earlier recorders already existed, but Bundy's had various improvements; for example, each worker had his own key.

  5. Tax return (United States) - Wikipedia

    en.wikipedia.org/wiki/Tax_return_(United_States)

    Other popular tax software includes: TaxACT at 7%, Tax Hawk (including FreeTaxUSA) at 5.9%, Credit Karma's free tax software (now owned by Intuit/TurboTax) at 1.7%, and TaxSlayer at 1.5%. [4] In some countries, the tax agency provides a prefilled return to streamline the process, but the United States has failed to adopt these technologies as ...

  6. Self-employment - Wikipedia

    en.wikipedia.org/wiki/Self-employment

    Self-employment is the state of working for oneself rather than an employer. Tax authorities will generally view a person as self-employed if the person chooses to be recognised as such or if the person is generating income for which a tax return needs to be filed.

  7. Income tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_the_United...

    The employee does not recognize income with respect to the plan until he or she receives a distribution from the plan. The plan itself is organized as a trust and is considered a separate entity. For the plan to qualify for tax exemption , and for the employer to get a deduction, the plan must meet minimum participation, vesting, funding, and ...

  8. Cabinet of Barack Obama - Wikipedia

    en.wikipedia.org/wiki/Cabinet_of_Barack_Obama

    Geithner's employer at the time, the International Monetary Fund, gives its American employees the employer's half of the payroll taxes, expecting that the employees will deposit the money with the Internal Revenue Service. A report from the Senate Finance Committee documented Geithner's errors.