What are the limits of Social Security tax?
The limits of Social Security tax are set by the Social Security Administration (SSA). The Social Security tax rate for 2020 is 6.2% for employees and the same for employers, up to the maximum Social Security wage base of $137,700. After the wage base limit is reached, neither the employee nor the employer is required to pay the Social Security tax. However, individuals who are self-employed must pay a total Social Security tax rate of 12.4%. Additionally, employers must pay a Medicare tax rate of 1.45%, which has no wage base limit.
What is a competitive market and why is it important?
A competitive market is an economic market characterized by a large number of small companies and buyers, each independent of the other. The purpose of a competitive market is to provide consumers with the greatest number of choices at the most affordable prices by promoting competition among producers. This is important because it can provide enhanced efficiency, improved quality, and better customer service. It also encourages innovation and new technologies that may lead to further progress.
What is a day planner template?
A day planner template is a type of pre-formatted document that is used to organize and plan out daily tasks, meetings and other events. The template typically contains sections for organizing tasks and notes into sections based on date and time, as well as areas for jotting down important items and ideas.
Do teens spend too much time playing video games?
This question is subjective and depends on the individual. Some teens may spend too much time playing video games, while others may have healthy habits with gaming. It is important to ensure time is balanced between gaming, school, and other activities.
Are blister beetles poisonous to horses?
Yes, certain species of blister beetle are poisonous to horses, and can even be deadly if ingested in large amounts. Blister beetles contain a toxic chemical called cantharidin that can cause stomach and gastrointestinal problems, irritation of the upper respiratory tract, and even blistering of the mouth and digestive tract in horses.
Why is caulking important for granite countertops?
Caulking is important for granite countertops to ensure that moisture, water, dirt and other particles do not penetrate the gap between the granite and the surrounding cabinets, walls or other surfaces. Caulking also helps to prevent mold and mildew buildup, as well as providing better insulation for both heat and sound. Additionally, caulk can help to maintain the appearance of the granite countertop by preventing premature cracking or discoloration.