What is payroll? The employer deducts the gross income certain charges that are to be. Paid The rem

What is payroll? The employer deducts the gross income certain charges that are to be. Paid The remainder is the net wage. Payroll tax is set to prevent the taxpayer at one time a large tax to pay on income, or that they themselves have to pay. Premiums ato for the national insurance In case the employer or benefits agency no payroll tax would entail, would be the employees ato and benefit recipients to ensure the settlement of taxation and social insurance. In practice, this would raise serious objections, so it was decided in the charge to keep the same and return the remaining amount., Net National ato insurance contributions in the first two tax brackets is also the charges for national insurance. Besides a levy on payroll ato tax Everyone who works in our country of residence is insured under the social ato security. This also applies to Dutch nationals who do not work or income. The three national insurance where premiums ato paid from the gross wages are: AOW General Old Age ANW Surviving EMEA Exceptional Medical Expenses Act What is the payroll tax? The payroll tax is a percentage ato of the gross salary. The levy is progressive, meaning that the charge increases as income increases. This is the largest tax burden on higher incomes. ato The payroll tax can be up to 52 percent. The levy is divided into different disks. Once the income exceeds the first disc, the remaining upper part of the income falls into the next tax bracket. The highest share of income falls at the high incomes in the highest tax bracket. ato General Old Age Pensions Act (AOW) Every Dutchman who reached retirement age, is entitled to a payment from the state pension. The amount charged depends on the family composition of the person ato entitled to the benefit. Partners receive a total of 100 percent (50 percent ato each), ato and single ato receive 70 percent. The state pension is often the basis for the pension which an employee receives. In addition, most employees are still entitled to a pension from the pension scheme with the employer. Surviving Dependants Act (ANW) This is the successor of the wider General Widows and Orphans Act. This public insurance pays a sum of the death of an insured. Knows the survivor benefit if the condition that the surviving minor children ato must have, or born before ato January 1, 1950 or is incapacitated for at least 45 percent. There are three forms of social insurance benefit from this, namely: Survivors Benefits Orphans Benefit Half orphan benefit Exceptional Medical Expenses Act (EMEA) Someone who is long-term care, depending illness or disability receives money from the EMEA. The EMEA cover medical expenses not covered by health insurance. The insured must pay a contribution. Payroll tax is not a final tax, the employer keeps on payroll tax already takes into account tax credits which the employee is entitled. Additionally, there are expenses that are deductible from income. This expenditure will again be providing a refund of a portion of the payroll taxes paid. Example of such expenditure is expenditure on mortgage rates for home ownership and annuity premiums paid in connection with a pension.
2011 - 2014 Juul, published in Money (Finance) on. The copyright of this article ato is the information officer. Without permission from the information officer ato is multiplication prohibited. Related Articles
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