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Three federal taxes are imposed on wage and salary income: Tax managers often manage the tax division of a company or organization. Tax lawyers play many important roles, although the role itself can vary greatly. If you're a working american citizen, you most likely have to pay your taxes. An employee's labor is typically compensated in the form of wages, salary, and sometimes tips,. Most states impose taxes on income as well. Gross salary or gross pay refers to work income before taxes are withheld. Salary and bonus payments are subject to federal income tax, social security tax, medicare tax, and applicable state taxes.
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