Tax & Employment Contracts
Employment Contracts
All United States employees receive benefits from their employer. Payroll is usually managed by a third party or in-house human resources agency and salaries are paid over 12 months. It is usual for all employment contracts for United States employees to be for a fixed term from 1 year to 3 years.
Taxation
Taxation in the United States is a complex system which may involve payment to at least four different levels of government and many methods of taxation. United States taxation includes local government, possibly including one or more of municipal, township, district and county governments. It also includes regional entities such as school and utility and transit districts as well as including state and federal government. As of June 2001, the income tax forms the bulk of taxes collected by the U.S. government. Depending on individual income, the tax ranges from zero to 35% of one's taxable income.
For more information contact Michael Page.
