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Taxable income is reduced by general deductions which means that the marginal tax in practice varies between 8.2% on incomes just above 20,008 kronor to 55.6% on incomes above 780,000 kronor. [11] For an average salary, on an additional pay of 100 kronor, the employee pays 32.7 kronor in income tax.
The Pay Department became a separate department in 1816, and the Finance Department was created by law on 1 July 1920. [ 2 ] [ 1 ] It became the Finance Corps in 1950. [ 3 ] It is responsible for financial operations, most notably payroll and resource management .
Doc Severinsen, American conductor and trumpeter, turns 97.; Ringo Starr, Brit drummer for The Beatles, turns 84.; David Hodo, American vocalist of the Village People, turns 77.
Most such systems require that employers pay a tax to cover such benefits. [10] Some systems also require that employees pay such taxes. [11] 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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