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This brings the total federal payroll tax withholding to 7.65%.) Employers are required to pay an additional equal amount of Medicare taxes, and a 6.2% rate of Social Security taxes. [13] Many states also impose additional taxes that are withheld from wages. Wages are defined somewhat differently for different withholding tax purposes.
There are 6 flat tax rates in Georgia: corporate profit tax, value added tax, excise tax, personal income tax, import tax and property tax. [1] Personal income tax in Georgia are collected at a flat rate of 20% on local-source income. Foreign-source personal income is tax-exempt. [2]
The salary distribution is right-skewed, therefore more than 50% of people earn less than the average net salary. These figures have been shrunk after the application of the income tax . In certain countries, actual incomes may exceed those listed in the table due to the existence of grey economies .
This article contains lists of U.S. states, the District of Columbia, and U.S. territories by annual median wage and annual mean wage.. The first table contains a list of U.S. states and territories by annual median income.
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The countries and territories on the map have a net average monthly salary ... Georgia ₾2,045 [30] ₾1,636 [31] 0.37 [32] 2023-Q4 763 610 1,703 Hong Kong: HK ...
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