In most instances, nontaxable fringe benefits are excluded from federal income tax withholding, Social Security, Medicare or federal unemployment tax (FUTA). But companies must be aware of the conditions under which these benefits are deemed nontaxable, since they can vary on a case-by-case basis. If you choose to pay your employee’s social security and Medicare […]
Opportunity Cost: Definition, Formula, and Examples
Depending on your current finances and investment situation, you might not be able to lose a lot. You also need to consider your own unique investment goals and the risks how puerto ricans are fighting back against using the island as a tax haven that come with each goal. This will give you a better […]