Callers to the SSA hear a message about the Social Security Fairness Act, intended to reduce long and frustrating wait times ...
From 2010 through 2012, the federal government, under the Obama administration implemented what it called a “payroll tax cut,” reduction of federal taxes taken out of every worker’s paycheck.
the decision not to implement the withholding of Social Security taxes is because of the challenges of setting up a new payroll system or employee concerns about the reduction in take-home pay ...
Miscalculating payroll taxes can land you in hot water with government ... Employers in a credit reduction state are not eligible for the full FUTA tax credit. State unemployment tax State ...
The Social Security program is financed through a dedicated payroll tax. Most Americans never hit ... there will be a benefit reduction of at least 20% by 2034, according to the program’s ...
Payroll taxes from employers help support the trust ... fund by $3 million to be “revenue neutral.” Even with that reduction in funds, Hultman told board members in November that her ...