Cheat Sheet 

http://biztaxlaw.about.com/od/businessplan/f/sources-uses.htm (Sources and Uses Explained)

 

http://www.irs.gov/taxtopics/tc751.html (Add backs using current Social Security and Medicare Withholding Rates)

As of 8/12/2015 - The current tax rate for Social Security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The current rate for Medicare is 1.45% for the employer and 1.45% for the employee, or 2.9% total

Only the Social Security tax has a wage base limit. The wage base limit is the maximum wage that is subject to the tax for that year. For earnings in 2015, this base is $118,500. 

Disclaimer 

 

Commercial Finance America is not registered as a securities-broker/dealer or an investment advisor either with the U.S. Securities and Exchange Commission or with any state securities regulatory authority.  We do not offer securities brokerage or investment advice.  We are not a licensed broker, market maker, or investment banker.  Commercial Finance America does not directly sell, offer to sell or offer to buy any security. 

 

© 2011-2017 by Commercial Finance America, LLC. 

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