Salary and Wages

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  • this is the majority of income for most people
  • taxed at normal income tax rates and normal social security and medicare taxes
  • if you're an employee this will be reported to you and the IRS on Form W-2
  • amounts withheld for federal income tax, state income tax, and social security and medicare taxes will be listed on the W-2

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  • 10 months ago by vince