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Revision as of 18:52, 4 February 2025

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For his 'payroll' tax as transfer pricing questionable behavior he pays 7.65% of his $80,000 which is $6,120. His employer, though, must funds same 7.65% - another $6,120. So within employee and his employer, the fed gets 15.3% of his $80,000 which comes to $12,240. Keep in mind that an employee costs an employer his income plus 6.65% more.

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