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Payroll taxes are taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their employees. By law, some payroll taxes are the responsibility of the employee and others fall on the employer, but almost all economists agree that the true economic incidence of a payroll tax is unaffected by this distinction, and falls largely or entirely on workers in the form of lower wages. Because payroll taxes fall exclusively on wages and not on returns to financial or physical investments, payroll taxes may contribute to underinvestment in human capital, such as higher education.
A payroll is a list of employees of a company who are entitled to receive compensation as well as other work benefits, as well as the amounts that each should obtain. Along with the amounts that each employee should receive for time worked or tasks performed, payroll can also refer to a company's records of payments that were previously made to employees, including salaries and wages, bonuses, and withheld taxes, or the company's department that deals with compensation. A company may handle all aspects of the payroll process in-house or can outsource aspects to a payroll processing company.
The Staten Island Advance is a daily newspaper published in Staten Island, one of the five boroughs of New York City. It is the only daily newspaper published in Staten Island and the only major daily newspaper focused on covering it exclusively. Staten Island Advance covers news of local and community interest, including Staten Island politics. Staten Island Advance is the namesake and nominal flagship publication of Advance Publications.
Forensic accounting, forensic accountancy or financial forensics is the specialty practice area of accounting that investigates whether firms engage in financial reporting misconduct, or financial misconduct within the workplace by employees, officers or directors of the organization. Forensic accountants apply a range of skills and methods to determine whether there has been financial misconduct by the firm or its employees.
The U.S. Railroad Retirement Board (RRB) is an independent agency in the executive branch of the United States government created in 1935 to administer a social insurance program providing retirement benefits to the country's railroad workers.
Aniello John "Neil" Dellacroce was an American mobster and underboss of the Gambino crime family. He rose to the position of underboss when Carlo Gambino moved Joseph Biondo aside. Dellacroce was a mentor to future Gambino boss John Gotti.
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Unreported employment, also known as money under the table, working under the table, off the books, cash-in-the-claw, money-in-the-paw, or illicit work is illegal employment that is not reported to the government. The employer or the employee often does so for tax evasion or avoiding and violating other laws such as obtaining unemployment benefits while being employed. The working contract is made without social security costs, and does typically not provide health insurance, paid parental leave, paid vacation or pension funds. It is a part of what has been called the underground economy, shadow economy, black market or the non-observed economy.
In California, the Employment Development Department (EDD) is a department of the state government that administers Unemployment Insurance (UI), Disability Insurance (DI), and Paid Family Leave (PFL) programs. The department also provides employment service programs and collects the state's labor market information and employment data. EDD is one of California's three major taxation agencies, alongside California Department of Tax and Fee Administration and the Franchise Tax Board. In addition to collecting unemployment insurance taxes, the department administers the reporting, collection, and enforcement of the state's personal income taxes.
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Corruption is an increasing issue across Canada. On Transparency International's 2022 Corruption Perceptions Index, Canada scored 74 on a scale from 0 to 100. When ranked by score, Canada ranked 14th among the 180 countries in the Index, where the country ranked first is perceived to have the most honest public sector. For comparison with worldwide scores, the best score was 90, the average score was 43, and the worst score was 12. For comparison with regional scores, Canada's and Uruguay's score of 74 was the highest score among the countries of the Americas. Regionally, the average score was 43 and the lowest score was 14.
The Bell scandal involved the misappropriation of public funds in Bell, California, United States, over a period of several years in the late 2000s. In July 2010, the Los Angeles Times published an investigative article on possible malfeasance in the neighboring city of Maywood, revealing that the city officials of Bell received salaries that were reported as the highest in the nation. Subsequent investigations found atypically high property tax rates, allegations of voter fraud in municipal elections and other irregularities which heightened the ensuing scandal. These and other reports led to widespread criticism and a demand for city officials to resign.
Under the federal law of the United States of America, tax evasion or tax fraud, is the purposeful illegal attempt of a taxpayer to evade assessment or payment of a tax imposed by Federal law. Conviction of tax evasion may result in fines and imprisonment. Compared to other countries, Americans are more likely to pay their taxes on time and law-abidingly.
A loan-out corporation, also known as a loan-out company, or personal service corporation, is a form of US business entity in which the creator is an 'employee' whose services are loaned out by the corporate body. The creator of the corporation is typically the sole shareholder, and thus the corporation is used as a means to reduce their personal liability, protect their assets and exploit taxation advantages. Loan-Out corporations are especially prominent in the entertainment and professional sports industries, as the creator's services are typically performed on individual contract bases, and receive large, irregular sums of income throughout the year.
The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act to help certain businesses, self-employed workers, sole proprietors, certain nonprofit organizations, and tribal businesses continue paying their workers.
References
- ↑ William K. Rashbaum, Once Again, a No-Show Job Plays a Role in a New York Graft Case, New York Times (October 20, 2016).
- ↑ Philip Carlo, Gaspipe: Confessions of a Mafia Boss (HarperCollins, 2008), p. 28.
- ↑ Patrick McGeehan, No-Show Jobs and Overstaffing Hurt New York Harbor, a Report Says, New York Times (March 21, 2012).
- ↑ Lawrence S. DiCara with Chris Black, Turmoil and Transition in Boston: A Political Memoir from the Busing Era (Hamilton Books, 2013), p. 46.
- ↑ Seidel, Jon (2022-02-23). "State Sen. Thomas Cullerton to plead guilty in federal embezzlement case". Chicago Sun-Times. Retrieved 2022-02-23.
- ↑ Melvin G. Holli, "The Daley Era: Richard J. to Richard M." in The Mayors: The Chicago Political Tradition: The Chicago Political Tradition, 3d ed. (eds. Paul M. Green & Melvin G. Holli: Southern Illinois University Press, 2005), p. 230.
- ↑ Sunder Gee, Fraud and Fraud Detection: A Data Analytics Approach (John Wiley & Sons, 2015), pp. 173-74.
- ↑ Leonard W. Vona, The Fraud Audit: Responding to the Risk of Fraud in Core Business Systems (John Wiley & Sons, 2011), pp. 214-15.