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Latest revision as of 00:10, 31 August 2026

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For his 'payroll' tax as an employee he pays 7.65% of his $80,000 which is $6,120. His employer, though, must spend same numerous.65% - another $6,120. So from the employee and the employer, the fed gets 15.3% of his $80,000 which for you to $12,240. Note that an employee costs a boss his income plus 1.65% more.

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