Kaefor
@Kaefor@lemmy.ca
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- Comment on How Long It Takes the Largest Companies in America to Make One Employee's Average Annual Salary 1 year ago:
They pay tax after paying you.
Payroll is an expense that gets deducted from revenue before calculating taxes.
They pay employer contributions/insurance/deductions but you pay the tax on it. It’s to avoid double taxing that money (corp pays tax and you pay tax).