Because each state receives a credit to cover 5.4% of FUTA payments, employers effectively pay only 0.6% annually into FUTA. In the case of a self-employed individual, the rate is 15.3% of net business income instead of wages. Be aware that withholding rates change according to current tax legislation. Not Accounting for Fringe Benefits As a result, the employer…
Read MoreThe cost of fixed assets, such as machinery or vehicles, is spread over time as depreciation. For example, the industrial oven might lose $200 in value every month, irrespective of usage. Rocket Money makes it easy to budget using custom spending categories to reach your goals. For example, the salary of a sales executive with a fixed component and…
Read MoreAddiction experts believe that early, repeated exposure to drug stimuli can play a significant role in the likelihood of addiction. This suggests that experimentation with drugs and alcohol at a young age may affect one's tolerance and the likelihood of abuse in the future. The mechanisms of addiction are incredibly complex, but they can be related to both physical and…
Read More