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03 - Accounting & Taxes Accounting Help & Tax Strategies

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Old 01-25-2013, 11:36 AM
Karen123456's Avatar
Karen123456 Karen123456 is offline
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Default 2013 Tax Rate changed. Do not forget to update your tax tables in time

Social Security Tax increases to 6.2% for employees. IRS asks employers to start using the new social security rate as soon as possible in Year 2013 but not later than Feb 15, 2013

The federal tax tables changed also.

You can learn more here on 2013 Income Tax Changes
http://halfpricesoft.com/business-blog/post/2013/01/01/What-Is-New-of-2013-Payroll-Tax-Rate.aspx
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