Social Security taxes provide benefits for retirees and disabled workers. As of 2012, the tax rate for Social Security is 4.2%. There is a limit on the amount of income subject to Social Security tax each year.The limit was $110,100 in 2012, according to the U.S. Internal Revenue Service.our gross pay is the amount you actually earn. Your take-home pay is your gross pay minus various deductions including taxes such as Social Security, Medicare and your federal and state income tax withholding.
A resale certificate can not be used to purchase other types of items exempt from sales tax that don't qualify for this purpose. An exemption certificate is issued either because the entity qualifies for an exemption or the use of the item qualifies for an exemption.
Resale certificates are only issued to businesses registered with the state Department of Revenue to collect sales and use tax. Sellers should not sell taxable items tax free unless the buyer can produce a valid exemption certificate or resale certificate. Resale certificates in Florida expire every year on December 31 and need to be renewed annually. Active and registered dealers should automatically receive a new Florida Resale Certificate for Sales Tax (Form DR-13) from the Florida Department of Revenue.