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  2. Payroll - Wikipedia

    en.wikipedia.org/wiki/Payroll

    A payroll is the list of employees of some company that is entitled to receive payments as well as other work benefits and the amounts that each should receive. 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 ...

  3. Self-employment - Wikipedia

    en.wikipedia.org/wiki/Self-employment

    The 2010 Tax Relief Act reduced the self-employment tax by 2% for self-employment income earned in calendar year 2011, for a total of 13.3%. This rate will continue for income earned in calendar year 2012, due to the Temporary Payroll Tax Cut Continuation Act of 2011.

  4. Social Security Wage Base - Wikipedia

    en.wikipedia.org/wiki/Social_Security_Wage_Base

    The changes shown below applied In 2011 and 2012 when the rates were temporarily lowered to 4.2% for the employee (but remained at 6.2% for the employer). In 2013, the employee rate returns to 6.2% for a 50/50 split with the employer and a higher Maximum Contribution.

  5. Fair Labor Standards Act of 1938 - Wikipedia

    en.wikipedia.org/wiki/Fair_Labor_Standards_Act...

    Under the Fair Labor Standards Act, an employer has to pay each employee the minimum wage, unless the employee is "engaged in an occupation in which the employee customarily and regularly receives more than $30 a month in tips". If the employee's wage does not equal minimum wage, including tips, the employer must make up the difference.

  6. Corporate tax - Wikipedia

    en.wikipedia.org/wiki/Corporate_tax

    A corporate tax, also called corporation tax or company tax, is a direct tax imposed on the income or capital of corporations or analogous legal entities. Many countries impose such taxes at the national level, and a similar tax may be imposed at state or local levels.

  7. Social Security Trust Fund - Wikipedia

    en.wikipedia.org/wiki/Social_Security_Trust_Fund

    During 2016, the initial balance as of January 1 was $2,780 billion. An additional $710 billion in payroll tax revenue and $87 billion in interest added to the Fund during 2016, while expenses of $776 billion were removed from the Fund, for a December 31, 2016 balance of $2,801 billion (i.e., $2,780 + $710 + $87 - $776 = $2,801).

  8. Tax deduction - Wikipedia

    en.wikipedia.org/wiki/Tax_deduction

    Above and below the line. Above and below the line refers to items above or below adjusted gross income, which is item 37 on the tax year 2017 1040 tax form. Tax deductions above the line lessen adjusted gross income, while deductions below the line can only lessen taxable income if the aggregate of those deductions exceeds the standard deduction, which in tax year 2018 in the U.S., for ...

  9. Taxation in Norway - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_Norway

    Employee's and self-employed's social security contributions 90.2 - - 90.2 Tax on net wealth 4.8 8.5 - 13.3 Businesses (whose taxes are payable the year after the income year) 59.2 1.3 0.2 60.8 Income tax (including power stations) 58.9 1.3 0.2 60.4 Tax on net wealth 0.3 - - 0.3 Property tax - 6.6 - 6.6 Employers' social security contributions ...