All businesses should know about their obligations for filing with local, state, and federal tax systems. Businesses with employees are required to withhold payroll taxes from employees’ paychecks. Calculating payroll taxes can be complicated. Here are some basic
What is Unemployment Compensation? Unemployment compensation is a temporary income paid by the state to unemployed workers who have lost their jobs due to layoffs or retrenchment. In Washington state, the maximum weekly benefit amount is $844. The minimum is $201.
Taxpayers have two deduction options: a Standard Deduction or Itemized Deduction. They can either claim the standard deduction or itemized deduction to lower their taxable income. *Taxpayers can do both. Many them might have a question which is