Best Answer: Blood is circulated in the body on a pressure system. The Blood leaving the heart is at the highest pressure the systolic pressure (120 mmHg). This blood is oxygen rich blood and is sent to the body through arteries. As it circulates throughout the body it loses pressure, and when it reaches the capillaries, the oxygen is taken up by the various organs and is returned to the heart by the veins (oxygen poor blood is in veins).
Payroll Tax Rate in Victoria. â for the 2014-15 and 2015-16 financial years is 4.85% of taxable wages. â for the 2013-14 financial year (applicable since 1 July 2010) is 4.9% of taxable wages. Historical payroll tax rates are listed here. Payroll Tax Threshold in Victoria. The payroll tax annual threshold is $550,000. This amount is deducted from annual wages to determine the actual payroll tax liability for the year. This calculated liability is then compared to the total of monthly returns, resulting in either a balance to pay, or a refund due.
Social security and Medicare taxes, also known as FICA taxes must be withheld from your employees' wages. As an employer, you must also pay a matching amount of FICA taxes for your employees. Currently the social security tax rate is 6.2%. You are required to withhold 6.2% of an employee's wages for social security taxes and to pay a matching amount in social security taxes until the employee reaches the wage base for the year. The wage base for social security tax is $97,500 for the year 2007. Once that amount is earned, neither the employee or the employer owes any social security tax. The Medicare tax rate is 2.9% for the employee and the employer. You will withhold 1.45% of an employee's wages and pay a matching amount for Medicare tax.