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A Tax Deferred, Is The Tax That Pains
The executive order to defer payroll from August 2020 to December 2020 as an easement of the Covid-19 crisis can become detrimental to your bottom line. Although some employers may not withhold 6.2 % of your normal payroll taxes, know that the come January 2021, your payroll tax can increase to 12.4%. This podcast explores the how this executive order can affect you.
The Executive Order to defer payroll from August 2020 to December 2020 as an easement of the Covid-19 crisis for some workers bi-weekly paycheck however, can it become detrimental to your bottom line? Although, some employers Federal, State and Private industry may elect to participate with the EO by not withholding 6.2 % of your normal payroll taxes, know that the come January 1, 2021, your payroll tax can increase to 12.4%. This podcast explores the how this executive order can affect you.
This Fireside Chat podcast was created to provide a different perspective and electronic resources where you explore the possibilities of your paycheck bottom-line.
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By Angela Smith-Mackey
5
22 ratings
The executive order to defer payroll from August 2020 to December 2020 as an easement of the Covid-19 crisis can become detrimental to your bottom line. Although some employers may not withhold 6.2 % of your normal payroll taxes, know that the come January 2021, your payroll tax can increase to 12.4%. This podcast explores the how this executive order can affect you.
The Executive Order to defer payroll from August 2020 to December 2020 as an easement of the Covid-19 crisis for some workers bi-weekly paycheck however, can it become detrimental to your bottom line? Although, some employers Federal, State and Private industry may elect to participate with the EO by not withholding 6.2 % of your normal payroll taxes, know that the come January 1, 2021, your payroll tax can increase to 12.4%. This podcast explores the how this executive order can affect you.
This Fireside Chat podcast was created to provide a different perspective and electronic resources where you explore the possibilities of your paycheck bottom-line.