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  2. How to Calculate a Business Owner’s Salary - AOL

    www.aol.com/finance/calculate-business-owner...

    “A salary can provide a steady income and predictable tax deductions for the business, but it means higher payroll taxes,” wrote Cunningham & Associates, LLC. “An owner's draw may offer more ...

  3. Taxable Income: What It Is and How To Calculate It - AOL

    www.aol.com/taxable-income-calculate-185222875.html

    If you file a federal tax return as an individual, you could pay income tax on up to 50% of your Social Security benefits (assuming a combined income of $25,000 to $34,000).

  4. Corporate tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Corporate_tax_in_the...

    For example, Washington state does not have an income tax but levies a B&O (business and occupation tax) which is arguably a larger burden because the B&O tax is calculated as a percentage of revenue rather than a percentage of net income, like the corporate income tax. This means even loss-making enterprises are required to pay the tax.

  5. How to Calculate Your Marginal Tax Rate - AOL

    www.aol.com/calculate-marginal-tax-rate...

    To calculate it, divide the total amount owed in taxes by the total amount of taxable income. For the example above, this calls for dividing the total tax of $11,077.50 by the total taxable income ...

  6. Income tax - Wikipedia

    en.wikipedia.org/wiki/Income_tax

    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.

  7. Tax rate - Wikipedia

    en.wikipedia.org/wiki/Tax_rate

    The appropriate income tax rate is applied to the tax base to calculate taxes owed. Under this formula, taxes to be paid are included in the base on which the tax rate is imposed. If an individual's gross income is $100 and income tax rate is 20%, taxes owed equals $20.

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