Bookkeeping

Almost everyone working as an employee will have FICA taxes deducted from their wages. Monthly tips under $20, workers’ compensation, employer contributions to retirement plans, employee insurance, and family employees under 18 are all exempt from FICA. Students involved with a work study program at their university may be exempt, if they meet certain qualifications. …

45+ Pay Stub Abbreviations and Acronyms Decoding Tips Read More »

Using an annual income calculator allows you to present a clear view of your finances, making it easier to get approved for loans at favorable interest rates. Suppose you already know that you worked 2,000 hours over the course of the year, your average hourly wage was $25, and your final tax bill was $8,000 …

Annual Income Calculator: How To Calculate Your Gross & Household Pay 2025 Read More »