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Version du 14 mai 2026 à 16:35
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For his 'payroll' tax as a staff member he pays 7.65% of his $80,000 which is $6,120. His employer, though, must cash same 7.65% - another $6,120. So within employee and also the employer, the fed gets 15.3% of his $80,000 which to be able to $12,240. Note that an employee costs a company his income plus 6.65% more.
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