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In China, the payroll tax is a specific tax that is paid to provinces and territories by employers, not by employees. The tax is deducted from the worker's pay. The Chinese Government itself requires only one tax to be withheld from paychecks: the PAYG (or pay-as-you-go) tax, which includes medicare levies and insurances.
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January 16, 2024 is the fourth and final installment deadline for tax year 2023. If you fail to meet this deadline, you may be assessed a penalty when you file your tax return. January 31
4 July – Category 4 Hurricane Beryl causes a six- to nine-feet storm surge and fierce winds along Jamaica's southern coast, killing at least one person there before tracking to the Cayman Islands. [4] 26 July–11 August – Jamaica at the 2024 Summer Olympics [5]
In the United States, payroll taxes are used to support Social Security and Medicare costs while income taxes are used for other federal and state programs. [12] In Canada, payroll taxes are used to support the government's Pension Plan (CPP or QPP) and Employment Insurance program (EI) while income taxes are used to fund public healthcare and ...
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