| Take advantage of all legal tax deductions |
| How the Payroll Dollar Is Spent: |
- Wages: 61.0 Cents
- Medical benefits: 11.0 Cents
- Time not worked (vacation and other time off):
10.9 Cents
- Legally required payments (payroll taxes, workers
camp, unemployment, etc.): 8.2 Cents
- Retirement and savings: 8.0 Cents
- Other benefits and costs: 1.0 Cents
The total is not exactly $1.00 because of
rounding. Source: U.S. Chamber of Commerce. |
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Miscellaneous
Deductions (Cell phones, computers,
and other tools
used in your work, as well as work clothes and uniforms if required and not
suitable for everyday use)
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