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Payroll Taxes: Do you know what gets deducted from your paycheck?

  • August 31, 2015
  • Ravi
  • Federal & State Tax Compliance, Tax Planning

Generally three main items get deducted from your check: - Social Security at 6.2% - Medicare at 1.45% - Federal withholding depending on your tax bracket. So let’s just say someone’s hourly salary is at $10 working 40 hours a…

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