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local taxes


Anatomy of a Paycheck: What to Deduct and Why

March 25, 2016 | posted by Abacus Payroll
abacus payroll paycheck business man
Though tax and paycheck deductions are a routine part of any payroll process, employers and employees alike tend to question what, exactly, goes into the deduction formula. We all start out with a gross pay amount, but just how do payroll managers arrive at the net pay for each paycheck?   As an employer, there […]
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Local Income Tax: What is it?

December 29, 2015 | posted by Abacus Payroll
Payroll - Local Income Taxes
Local income tax may seem like the proverbial salt in the wound left by normal taxes, but like it or not, it’s becoming increasingly common. Based on the county or area in which one lives, local income tax is often quite low—ranging from about one to three percent of an individual’s income—and it can serve […]
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