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If the employee contributes less than 6% of their gross income, the employee foregoes additional compensation from the employer available to them had they contributed up to the 6% limit. For example, an employee whose annual gross pay is $50,000 contributes $3,000 (6% of gross pay) would receive a $3,000 employer contribution.
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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 category has the following 5 subcategories, out of 5 total. United States history book stubs (1 C, 229 P) American historian stubs (2 C, 1,023 P) United States military history stubs (11 C, 168 P) National Register of Historic Places stubs (7 C, 3 P)
Hair Cuttery was founded by Dennis Ratner in 1974, when the first salon was opened in West Springfield, Virginia. [4] [5] Since the 1970s, the company expanded to become the largest privately held salon chain in the United States. [6] As of 2021, it has more than 500 salons along the East Coast and the Midwest.
This category has the following 41 subcategories, out of 41 total. Religious biography stubs (15 C, 69 P) Religious building and structure stubs (12 C, 28 P) Deity stubs (1 C, 304 P) Religious festival stubs (72 P) Religious mass media stubs (3 C, 50 P) Religious organization stubs (4 C, 57 P)