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  2. What is net pay? How to calculate the money you're taking ...

    www.aol.com/net-pay-calculate-money-youre...

    Net pay is the amount of money employees earn after payroll deductions are taken from gross pay. These includes taxes, benefits, wage garnishments and other deductions. These includes taxes ...

  3. Payroll tax - Wikipedia

    en.wikipedia.org/wiki/Payroll_tax

    The other type of Swedish payroll tax is the income tax withheld , which consists of municipal, county, and, for higher income brackets, state tax. In most municipalities, the income tax comes to approximately 32 percent, with the two higher income brackets also paying a state tax of 20 or 25 percent respectively.

  4. State income tax - Wikipedia

    en.wikipedia.org/wiki/State_income_tax

    The rest of the century balanced new taxes with abolitions: Delaware levied a tax on several classes of income in 1869, then abolished it in 1871; Tennessee instituted a tax on dividends and bond interest in 1883, but Kinsman reports [59] that by 1903 it had produced zero actual revenue; Alabama abolished its income tax in 1884; South Carolina ...

  5. How all 50 states tax retirement income: A comprehensive list ...

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    California has one of the highest state income tax rates in the U.S., with nine tax brackets that range from 1% to 14.4% in 2024 and an additional 1.1% payroll tax for those with income of $1 ...

  6. Form W-2 - Wikipedia

    en.wikipedia.org/wiki/Form_W-2

    This information is used by the employee when they complete their individual tax return using Form 1040. [3] When an employee prepares their individual tax return for a tax year, the withholding amount from Form W-2 is subtracted from the tax due. It is possible to receive a refund from the IRS if more income was withheld than necessary. [3]

  7. Where’s My Refund? What Illinois Taxpayers Need To Know - AOL

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    If you're an Illinois resident or business owner, you have until April 18, 2023, to file your Illinois state income taxes. If you're expecting a refund this year, this quick guide explains how to...

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