In 2023, the payroll tax is applicable to all earned income between $0.01 and $160,200. This $160,200 figure is the maximum taxable earnings cap, and it tends to rise most years in unison with the ...

People who are self-employed cover the full 12.4% payroll tax up to the maximum taxable earnings amount (the $176,100 figure). In comparison, workers split their liability 50-50 with their ...

As tricky as payroll may be, it’s still crucial to get it right. Underpaying your employees is obviously a problem, and messing up on any tax will bring the full brunt of the IRS upon your business.

The GST currently brings in about $50 billion a year and payroll tax $20 billion. The problem is the states will not want to be seen pressing for the GST, especially as Victoria and other states ...

More than a year after Gaston County Schools launched a new state-approved Oracle payroll system, employees face problems getting accurate paychecks. ... Tax ID: 56-1803808. Menu.

Without proper and accurate payroll processing and reporting, a business could suffer problems ranging from poor employee morale to federal and state tax audits. Payroll professionals use ...

Residents and businesses are sick of onerous taxes — they must reject a payroll tax. • Matt Paprocki is the president and CEO of the Illinois Policy Institute. 0 Article Comments ...