Severance pay comes in five forms None at all Unemployment compensation Severance Pay Plans Voluntary Severance Pay rare today and Bargained for Severance by Agreement..Know your unemployment rights in Illinois! Find out if you are eligible for unemployment benefits, how to apply or what happens in case you are fired etc..How do bonuses affect your taxes? This might make you think differently about that extra income. Here's how it works. With the holidays approaching, many companies are preparing their bonus checks..Dora If the company is mandating as to when and how you do your job, asks you to abide by a certain dress code, tells you when to take your breaks, etc., then all signs point to you being an employee rather than a contractor..So when you file your taxes do you have to file the company's taxes separate at which point you send yourself a W ?? Or are you somehow able to combine it all into one tax filing?.Remember when you got your first paycheck and wondered why it was so small? All year olds hate FICA. Even though it's not included when we talk about marginal tax rates, all employees have to pay . of their gross income to Social Security and . for Medicare. Double that for self .
" Money is being withheld to fund Social Security and Medicare" is the one among the following choices given in the question that gives the meaning. The correct option among all the options that are given in the question is the first option or option "A"..Your pay stub from your job deducts money for FICA. What does this mean? A. Money is being withheld to fund Social Security and Medicare. B. Money is being withheld for federal, state, and city taxes. C. Money is being withheld for personal exemptions and deductions. D. Money is being withheld for excise and estate taxes..Start studying Economics Credit Your pay stub deducts money for FICA. What does this mean? Your employer sends it to the federal government to help pay your .If you pay $, and your employer pays the other $,then the ER Healthcare Coverage is $. Note that this isn't a deduction from your paycheck, and it doesn'taffect your income or taxes. It shows up on your pay stub because it's required by The PatientProtection and Affordable Care Act, aka Obamacare ..