Karl P. Fryzel
Medicare Levy Surchargemeans an extra charge payable by high income earners beyond the standard Medicare Levy if they do not have qualifying private hospital insurance coverage. This charge is assessed as part of an individual or family’s annual tax return. ...
Depending upon your age and filing status, your income tax filing threshold may vary significantly. A set of in-depth descriptions of these income brackets are provided by the IRS. Finding the Threshold For Typical Taxpayers The IRS thresholds and tax filing requirements that apply to most taxpaye...
Labor Employment Administrative Regulatory Tax All FederalThe Department of Labor (DOL) announced a notice of proposed rulemaking (NPRM) that would increase the Fair Labor Standards Act’s (FLSA’s) annual salary-level threshold to $55,068 from $35,568 for white-collar exemptions to overtime re...
Which of the programs are not exclusively for the poor? Which of the following is a cash assistance (not an in-kind transfer) program? a. Medicare b. Medicaid c. SNAP (food stamps) d. Temporary Assistance for Needy Fam...
W-2), the IRS issued Notice 2015-2 to explain how ing $120 (the difference between the $130 previous the increase applies for 2014, how certain employers can limit and the $250 retroactive limit), plus any Additional use a special administrative procedure to make FICA tax Medicare Tax. Th...