Don't make career decisions based on dollar amounts. - In Photos: 10 Things Every College Grad Needs to Know About Money
Know what your take-home pay is--it's not as much as you think. This starts with filling out your W-4 tax withholding form correctly and getting the right amount of tax taken out of your paycheck. You can't start fashioning a budget without knowing what you have to work with. "A paycheck and the dollars into your hand are not the same thing," Morrison says. "You and the married guy next door with three kids will not get the same check for the same salary."
Types of tax evasion and tax avoidance schemes that fraudsters are commiting Taxevasion and tax avoidance schemes There are many different types of tax evasion and tax avoidance schemes and they will vary depending on what kinds of taxes exist in the jurisdiction. Some common types of tax evasion and tax avoidance schemes include: INCOME AND WEALTH TAX EVASION AND TAX AVOIDANCE Taxes on periodic income or wealth are a source of revenue for many governments but fraudsters often commit…
You’re also responsible for matching (not just withholding) Social Security and Medicare taxes every paycheck; reporting those taxes via Schedule H with your annual 1040; and possibly the federal unemployment tax or FUTA. http://blog.surepayroll.com/top-5-nanny-payroll-mistakes/#sthash.zwLmHx5m.dpuf #nanny #taxes