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The tax is paid by employers based on the total remuneration (salary and benefits) paid to all employees, at a standard rate of 14% (though, under certain circumstances, can be as low as 4.75%). Employers are allowed to deduct a small percentage of an employee's pay (around 4%). [7] Another tax, social insurance, is withheld by the employer.
He kept his teacher pay stub in his helmet to remind him that he must succeed in pro athletics. Hennigan scored the first touchdown in Oilers history, catching a 43-yard touchdown pass from George Blanda in the first quarter against the Oakland Raiders. That year, he caught 44 passes for 722 yards, averaging 16.4 yard per catch. He had six ...
Most such systems require that employers pay a tax to cover such benefits. Some systems also require that employees pay such taxes. Where the employees are required to pay the tax, it is generally withheld from the payment of wages and paid by the employer to the government.
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Unequal pay has been illegal in Iceland since 1961, but new law shifts the proof of fair pay from employers to employees. Iceland has instituted laws in the past to attempt to rectify the pay gap, and despite having "the best track record on gender equality in the world," the laws had not been successful in creating equal pay for equal work. [4]
EOBI operates on the partially funded basis. The insured person as well as the employer of the insured person are supposed to make contribution to EOBI during the period of insurable employment. Employers are supposed to pay 5% of the minimum wages prescribed by the government while employees are supposed to pay 1% of the minimum wages.