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Learn about the different taxes that affect the computation of payroll. You can also find more information about the state and local tax policies implemented.
- Related Topics:
- Federal Income Tax
For federal taxes, you specify the status and exemptions. - FICA (HI) Medicare Tax
Vantagepoint calculates FICA (HI) Medicare tax based on the employee's gross wages. - FICA (OASDI) Social Security Tax
Vantagepoint calculates the Social Security old age, survivors, and disability insurance (OASDI) tax based on the employee's gross wages. - State and Local Tax Fact Sheets
Tax fact sheets summarize the data that you need to provide for each employee and explain how Vantagepoint calculates the tax.
Parent Topic: Tax Facts