DOWNLOAD
United States of America (USA)
Washington, D.C.
328.2 million
United States Dollar
+1
United States Dollar
Single Taxpayers |
|
Taxable income (USD) |
Tax rate (%) |
0 to 9,875 |
10 |
9,876 to 40,125 |
12 |
40,126 to 85,525 |
22 |
85,526 to 163,300 |
24 |
163,301 to 207,350 |
32 |
207,351 to 518,400 |
35 |
518,401+ |
37 |
Married taxpayers filing jointly |
|
Taxable income (USD) |
Tax rate (%) |
0 to 19,750 |
10 |
19,751 to 80,250 |
12 |
80,251 to 171,050 |
22 |
171,051 to 326,600 |
24 |
326,601 to 414,700 |
32 |
414,701 to 622,050 |
35 |
622,051+ |
37 |
Head-of-household taxpayers |
|
Taxable income (USD) |
Tax rate (%) |
0 to 14,100 |
10 |
14,101 to 53,700 |
12 |
53,701 to 85,500 |
22 |
85,501 to 163,300 |
24 |
163,301 to 207,350 |
32 |
207,351 to 518,400 |
35 |
518,401+ |
37 |
Single Taxpayers |
|
Taxable income (USD) |
Tax rate (%) |
0 to 9,875 |
10 |
9,876 to 40,125 |
12 |
40,126 to 85,525 |
22 |
85,526 to 163,300 |
24 |
163,301 to 207,350 |
32 |
207,351 to 311,025 |
35 |
311,026+ |
37 |
Deductible Expenses |
|
Employment Expenses |
|
Personal Deductions |
|
Standard Deductions |
|
Business Deductions |
|
Several business-related nonimmigrant visa categories are described below.
L-1B specialized-knowledge personnel may remain in the United States in that status for up to five years.
Type of Visa/ Permit |
Documentation |
Validity |
Eligibility |
B-1 Visa |
|
6 months |
|
H1-B Visa |
|
Maximum 6 years |
|
H-3 Visa |
|
Maximum 2 years |
|
L-1 Visa |
|
L-1A (up to 7 years); L-1B (up to 5 years) |
|
O-1 Visa |
|
3 years |
|
Type of Payment |
Residents |
Nonresidents |
||
Company |
Individual |
Company |
Individual |
|
Dividends |
N/A |
N/A |
30% |
30% |
Interest |
N/A |
N/A |
30% |
30% |
Royalties |
N/A |
N/A |
30% |
30% |
Statutory Benefits |
Public Holidays |
Maternity Leave |
Paternity Leave |
Sick Leave |
Overtime Pay |
Severance Pay |
Social Security Benefits |
Christmas Bonus% |
0% |
Christmas Bonus Over Vacations % |
0% |
Severance per Year % |
Subject to Contract |
Vacations % | No statutory leave, however generally it is based on 10 days a year (2.74% of annual salary) |
Notice % |
No statutory notice period (unless mass lay-offs then 60 days required) |
Christmas Bonus Over Notifications% | 0% |
Vacations Plus% |
0%
|
Total percentage of Salary (yearly)
|
The total employment accruals as a percentage of salary per anum are equal to 2.74%
|
Social security | 6.20% |
Medicare | 1.45% |
Description | Employees are responsible for paying 100 percent of their own federal and state income taxes. Tax withholding for employees simply serves as a way to ensure they pay their taxes in a timely manner. On the other hand, employers and employees share the burden of paying for Social Security and Medicare. According to the U.S. Social Security Administration, employers are required to contribute an amount equal to 6.2 percent of employee wages for Social Security and 1.45 percent for Medicare. Employees pay 4.2 percent for Social Security and 1.45 percent for Medicare. The tax on Social Security applies to the first $110,100 of income an employee earns.
|
Employment Accruals | ||
Annual Leave | There is no law that requires US employers to offer paid holiday time to their staff. However, in reality, most US employers offer paid holiday to their workers. The number of days varies from employer to employer, but on average, US workers receive around 10 days of paid holiday each year. |
Not Mandatory |
Maternity Leave | Under the Family and Medical Leave Act (FMLA), most new parents are entitled to 12 weeks of unpaid, job-protected leave to care for a newborn or a newly adopted child. | Unpaid |
Paternity Leave | Under the Family and Medical Leave Act (FMLA), most new parents are entitled to 12 weeks of unpaid, job-protected leave to care for a newborn or a newly adopted child. | Unpaid |
Sick Leave | Currently, there are no federal legal requirements for paid sick leave. For companies’ subject to the Family and Medical Leave Act (FMLA), the Act does require unpaid sick leave. FMLA provides for up to 12 weeks of unpaid leave for certain medical situations for either the employee or a member of the employee's immediate family. |
Unpaid |
Overtime | Unless exempt, employees covered by the Act must receive overtime pay for hours worked over 40 in a workweek at a rate not less than time and one-half their regular rates of pay. | Depends on the number of overtime hours worked |
Severance | There is no requirement in the Fair Labor Standards Act (FLSA) for severance pay. Severance pay is a matter of agreement between an employer and an employee (or the employee's representative). |
Subjective |
Social Security | Employers must make the following contributions: - OASDI 6.2%; Medicare 1.45% | This equals 7.65% of annual income |