Subtract standard deduction and pre-tax contributions to determine taxable income. Use tax tables to estimate federal tax; add state, Social Security, and Medicare taxes. After taxes, subtract ...

Of your many responsibilities as a small business owner, ensuring that your employees’ pay is calculated accurately ranks near the top of the list. That includes withholding the correct amounts for ...

If you have no voluntary deductions, all of your gross income minus your tax deductions equals your take-home pay. As a salaried employee, you likely receive a fixed sum each pay period, which stays ...

Calculating federal tax deductions and withholdings can be complicated without the help of a tax deduction calculator or payroll software. However, once you understand the required forms and methods ...

It's almost that time of year; tax season is nearly here. But with all the forms and applications you need to fill out, it's easy to get confused. No matter if it's your first time or you've been ...

How does my employer know exactly how much tax to deduct from my paycheck?<P>I am fully aware of the IRS tax tables, however, without doing all the calculating by hand, how does the payroll dept. know ...

As your business's income grows, your tax bill will become more painful each year. We have a progressive tax system, which means most people pay less taxes on their first dollar of income than their ...

If you get a new job, knowing your salary is nice, but it's not necessarily reflective of how much money you're actually going to bring home. If you know your salary, exemptions, filing status, and ...