When calculating taxes on your Social Security benefits, you should include the taxable portion of any lump-sum payment you received during the year. (That is true even if that payment includes benefits from a previous year.) However, the inclusion might lower the taxable portion of your benefi...
You can take advantage of this by selling when you know the amount of gain is small enough to not be taxable, rather than waiting for several years while the gains increase to a taxable amount. You can sell then immediately buy back the investment with the only cos...
Social Security Contributions Multiply employees’ gross wages by the current Social Security contribution rate of 6.2%. The other 6.2% will be paid by you, the employer. For example, an employee earning USD$6,000 will have a Social Security tax deduction of USD$372 (6000 × 0.062). Medicar...
(a) Calculate (to the nearest VND million rounded to 1 decimal) Mr Giang's taxable income and total annual personal income tax liability from: - employment and freelance work; and - sale of capital contribution Note: You should list all potential income items referred to in the question, ...