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2. Tax withholding in the United States - Wikipedia

   en.wikipedia.org/wiki/Tax_withholding_in_the...

   For 2023, this wage maximum is $160,200. [11] Medicare tax of 1.45% is withheld from wages, with no maximum. [12] (This brings the total federal payroll tax withholding to 7.65%.) Employers are required to pay an additional equal amount of Medicare taxes, and a 6.2% rate of Social Security taxes. [13]

3. FICA Tax Rate for 2023-2024: Everything You Need To Know - AOL

   www.aol.com/fica-tax-rate-2023-2024-200955986.html

   A type of payroll tax known as FICA funds a significant portion of these programs. ... It changes from year to year; the max Social Security taxable income for tax-year 2023 is $162,300, and for ...

4. Taxation in the United States - Wikipedia

   en.wikipedia.org/wiki/Taxation_in_the_United_States

   (This is the inflation-adjusted amount for 2023.) [7] Payroll taxes are imposed by the federal and all state governments. These include Social Security and Medicare taxes imposed on both employers and employees, at a combined rate of 15.3% (13.3% for 2011 and 2012).

5. IRS Will Let You Keep More Of Your Paycheck In 2023 Taxes - AOL

   www.aol.com/news/irs-let-keep-more-paycheck...

   All seven income tax brackets are adjusting upward 7%, with the standard deduction climbing to $13,850 for individuals and $27,700 for married couples — up $900 and $1,800 respectively. "Gas has ...

6. State income tax - Wikipedia

   en.wikipedia.org/wiki/State_income_tax

   Texas – no individual income tax but imposes a franchise tax on corporations. In May 2007, the legislature modified the franchise tax by enacting a modified gross margin tax on certain businesses (sole proprietorships and some partnerships were automatically exempt; corporations with receipts below a certain level were also exempt as were ...

7. 4 Things To Know About Tax Withholdings From Your Paycheck in ...

   www.aol.com/finance/4-things-know-tax...

   The 10 Best Credit Cards for 2023 6 Strategies for Paying Off Multiple Credit Cards This article originally appeared on GOBankingRates.com : 4 Things To Know About Tax Withholdings From Your ...