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Quotes of the day:
Oil prices will keep breaking new records until other countries move to nuclear and alternative energy sources or we discover massive new reserves and increase production dramatically over the next few years.
The taxable wage base is the maximum amount of earned income that employees must pay Social Security taxes on. Generally, the employee’s gross wages will be equal to the taxable wage base. Typically, an employer will handle this calculation and withhold the correct amount of taxes from each of the employee’s paychecks; however, the employee is still responsible for reporting the tax.
How to Calculate Your Federal Income Tax Liability | Personal Finance Series
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