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in USA it works like: pay is $100. then take home is $80 because $20 is taken out for various payroll taxes. then also the company pays $20 for their portion. e
by edoceo 6y ago
in USA it works like: pay is $100. then take home is $80 because $20 is taken out for various payroll taxes. then also the company pays $20 for their portion. employees only see the -20 from them, not the +20 from Company on wage stubs.
also, if the company has profits there is some tax on that (well, my little C-corp did)
(numbers are made up to show process)
- josefx 6y ago> also, if the company has profits there is some tax on that (well, my little C-corp did) No large US company has any profits, maybe one of their child companies in Ireland or the Caribic does. They have to beg for billions in government handouts every time they want expand their operations, that is how bad they have it financially.