For 2023 and 2024, the rate for theSocial Security taxis 6.2% for the employee and 6.2% for the employer, or 12.4% total. The tax applies to the first $160,200 in 2023 and the first $168,600 in 2024.34The Social Security tax rate is assessed on all types of income that an employee...
Paying for health insurance would wipe out her company’s profit and the five-figure salary she pays herself from it, she said. And Ms. Hunter is just the tip of the iceberg. For some business owners on the edge of the cutoff, the mandate is forcing them to weigh very carefully the ...
Neither they, nor anyone else, pay me wages or a salary. And that is great! I knew and understood those terms when I went out on my own. And that is precisely why I did it. I did not want to be beholden to the insurance company. After becoming independent, the list of companies ...
According to the new law, a chronically ill person: (1) has one or more comorbid and medically complex chronic conditions that is life threatening or significantly limits the overall health or function of the enrollee, (2) has a high risk of hospitalization or other adverse health outcomes, ...