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Evasion of tax can result in serious repercussions such as a felony and imprisonment for up to five years.

  • Let's take a look at how we calculated these income tax deductions in more detail.

  • State and Local Income Taxes Many states, as well as some cities and counties, have their own income taxes.

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These tax slabs are subject to change on a yearly basis.

  • Their field of expertise usually matches the type of business.

  • The "cost of an employee" is also referred to as the "salary package" in this calculation.




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