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Description. 7-Eleven logo 2021.svg. English: Current logo variant of 7-Eleven, a multinational convenience store chain, since 2021. Originally introduced in 1968, the logo was modified in 2021 to have the "Eleven" part incorporate thinner horizontal bars and deeper apexes. Date.
Tax withholding, also known as tax retention, pay-as-you-earn tax or tax deduction at source, is income tax paid to the government by the payer of the income rather than by the recipient of the income. The tax is thus withheld or deducted from the income due to the recipient. In most jurisdictions, tax withholding applies to employment income.
This brings the total federal payroll tax withholding to 7.65%.) Employers are required to pay an additional equal amount of Medicare taxes, and a 6.2% rate of Social Security taxes. Many states also impose additional taxes that are withheld from wages. Wages are defined somewhat differently for different withholding tax purposes.
A number of top executives in large businesses and governments have worked for a one-dollar salary. [1] [2] [3] One-dollar salaries are used in situations where an executive wishes to work without direct compensation, but for legal reasons must receive a payment above zero, so as to distinguish them from a volunteer .