PPT-Computing Deductions on Your Paycheck

Joe Beakens Joe works at a small office and makes 15 dollars an hour He is paid monthly Lets figure out Joes deductions If Joe works 160 hours per month what should his GROSS income on his paycheck be. . Usually nonprofit, these agencies work with you to solve your financial problems sometimes for free. Credit counseling agencies may offer educational materials and workshops, or help you develop a budget. Many agencies offer services nationwide through local offices or the In ternet. Look under "credit counseling" in your telephone directory or your Internet search engine. HOW CREDIT COUNSELIN G WORKS When you meet with a cred . Usually nonprofit, these agencies work with you to solve your financial problems sometimes for free. Credit counseling agencies may offer educational materials and workshops, or help you develop a budget. Many agencies offer services nationwide through local offices or the In ternet. Look under "credit counseling" in your telephone directory or your Internet search engine. HOW CREDIT COUNSELIN G WORKS When you meet with a cred Session Title: Payroll Deductions Beginning to End. Presented By: Donna Switzer, Payroll Manager. Institution: Mississippi State University. September 15, 2014. Please turn off your cell phone. If you must leave the session early, please do so discreetly. . Kotakorpi. & . Jani. -Petri . Laamanen. . . Complexity, Salience, and Income Tax Reporting . Behaviour. : Evidence from a Natural Experiment. And. Christian . Gillitzer. and Peer . Ebbesen. . Kotakorpi. & . Jani. -Petri . Laamanen. . . Complexity, Salience, and Income Tax Reporting . Behaviour. : Evidence from a Natural Experiment. And. Christian . Gillitzer. and Peer . Ebbesen. Payroll . Meeting. Paul Angulo, CPA, MA. County Auditor-Controller. Welcome. Frankie Ezzat, MPA . Assistant Auditor-Controller. Welcome. Jennifer Fuller, CPP. Chief Accountant. Personnel & Other Updates. Review. What is salary or wage?. When do you get a salary or wage?. What is ‘paid by the hour’?. How do you figure out how much money you made if you are paid by the hour?. Paid by the Hour. AMOUNT OF MONEY YOU MAKE PER HOUR. F. rom . Pay. Involuntary & Voluntary Deductions. Federal Levies. Notice of Levy - Form 668-W. . Part 2 thru 5 must be given to employee. . Part 2 – Employee copy. Part 3 – to be received back from EE, completed and sent to IRS. 2. Learning objectives. Identify the common deductions necessary for calculating adjusted gross income (AGI). Describe the different types of itemized deductions available to individuals and compute itemized deductions. Take-Home Pay. The deductions taken out of your paycheck help support . schools, roads, national parks, and more.. Why do you have to pay taxes?. Deductions – Memorize these. 1.0% - Local. 7.65%- Total Social Security and Medicare. Payroll Services. Twelve Month Payment Option for . Nine- and Ten- Month Faculty. Job Aid. Using the Optional Estimated Deduction Calculator. An optional Estimated Deduction Calculator is available to assist you in determining the amount(s) to be deducted from each of your fall/spring paychecks in order to maintain a fairly consistent net pay over 24 pay periods. . 2015 . National Income. Tax. . Workbook™. Tax Benefits Limited by Income pp. 1-37. Many benefits in the I.R.C. are applicable only to taxpayers whose income does not exceed specific thresholds.. Benefits can be obtained by tax planning to minimize income and maximize deductions.. Understanding Your DC Government Paycheck Purpose of the Copeland . Act. When the Copeland Act was passed in 1934, reports presented to the Senate Committee on Crime found that up to “25 percent of the money which is supposed to be paid for labor under the prevailing rates of wage is unlawfully, unjustly, and indecently returned to contractors, subcontractors, or officials on the job.”.