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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 withheld taxes, [2] or the company's department that deals with compensation.
On December 23, 2011, the House and Senate passed H.R. 3765, also called the Temporary Payroll Tax Cut Continuation Act of 2011, and President Obama signed it the same day. The bill's effect was to extend lower payroll tax rates past December 31, 2011, when they would have expired. [7]
If payroll taxes are eliminated starting next year, the trust fund that pays out Social Security benefits could run out in three years without other funds to cover the shortfall, according to a ...
Note that although self-employed individuals pay 12.4%, this is mitigated two ways. First, half of the amount of the tax is reduced from salary before figuring the tax (you don't pay Social Security tax on the tax your employer pays for you.) Second, the "employer" half is an adjustment to income on the front page of Form 1040.
The two-year-old cut to payroll taxes was not extended. The rate had been reduced from 6.2% to 4.2% for 2011 and 2012. [3] Some tax credits for poorer families were extended for five years, including ones for college tuition and an expansion of the Earned Income Tax Credit. [5]
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Screwfix Direct Limited, trading as Screwfix, is a retailer of trade tools, accessories and hardware products based in the United Kingdom. [6] Founded in 1979 as the Woodscrew Supply Company, the company was acquired in July 1999 by Kingfisher plc , which also owns B&Q , and is listed on the London Stock Exchange .
Here's all the Christmas delivery deadlines you need to know. ... deadlines start cutting off around December 13 and get progressively more expensive from there. ... Target's 2-day shipping cutoff ...