Reporting Multi-State Earnings on W-2 | Complete Payroll
2:12
Reporting Multi-State Earnings on W-2 | Complete Payroll
Jan 29, 2019
completepayroll.com
Preston Seo | Legacy Investing Show 💸 on Instagram: "The $250K W-2 example assumes no planning. No side business. No deductions outside the standard ones. Every dollar is fully exposed to federal, payroll, and state tax before it ever hits a bank account. Earned income is taxed first and controlled last. Business income works in the opposite order. #1 Income is reduced before tax Business owners deduct ordinary expenses before tax is calculated. Marketing, software, phone, internet, vehicle use
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Preston Seo | Legacy Investing Show 💸 on Instagram: "The $250K W-2 example assumes no planning. No side business. No deductions outside the standard ones. Every dollar is fully exposed to federal, payroll, and state tax before it ever hits a bank account. Earned income is taxed first and controlled last. Business income works in the opposite order. #1 Income is reduced before tax Business owners deduct ordinary expenses before tax is calculated. Marketing, software, phone, internet, vehicle use
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