If you work for a railroad, you are most likely paying Railroad Retirement taxes as your contribution to your pension. Your employer also contributes. There are two parts to Railroad Retirement contributions, which together constitute your benefit amount. These two parts are called Tier I and Tier...
Benefit omissions: Include the cost of benefits like health insurance, retirement contributions, and paid time off in your calculations. Inconsistent records: Be consistent in how you record accrued payroll. Use the same accounting method (accrual or cash) every time, and enter all payroll data ac...
you won't be forced tolower your safe withdrawal ratein retirement like those of use who don't have pensions. This post will help you calculate the value of a pension.
How is the amount of a fringe benefit that is taxable to an employee determined? Which of the following taxes would be deducted in determining an employee's net pay? a. FUTA taxes b. SUTA taxes c. FICA taxes d. all of the above How can you find the tax rate f...