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.
Sales tax id number or sales tax exemption certificate is a legal document issued by the state. This certificate of authority gives your business the authority to collect the required sales and use taxes, and to issue right sales tax exemption documents, including resale certificates used for purchasing inventory.ost often asked question by our callers is the difference between Employer Identification Number (EIN) and State Identification Number or also known as (Sales Tax Number).