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.
What is a resale certificate and how to get one. A resale certificate is an official document that easily instills confusion in many online resellers. Depending on the state you live in, it can also be called a resellerâs permit, resellerâs license, resellerâs certificate, resale license, sales tax ID or sales tax permit.