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Understanding FICA, Medicare, and Social Security Tax

September 17, 2020

Do you ever wonder where exactly the money that is deducted from your gross pay goes? It can seem like a huge chunk when your gross pay and net pay are $100 or more off. So where is this money that is being taken from your paycheck really going? Read on to understand the basics of FICA, Medicare, and Social Security tax. FICA Tax FICA is an acronym for Federal Insurance Contributions Act. This act was introduced in 1930 to cover Social Security. ...
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A Guide to the Basics of Freelancer Taxes

September 4, 2020

Running your own freelancing business, whether it be a side gig or full-time job, brings you a lot of freedom. Being your own boss, setting your own hours, selecting clients, and choosing what projects you want to pursue or pass is exciting. The 2019 Freelancing America survey states that 35% of the American workforce, about 57 million people, pursue freelance work, whether it is temporary, a side gig, or a long-term career path. But running a ...
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Working For Tips? How to Get Proof of Income Using Pay Stub Generator

August 26, 2020

With over 2 million people working in the restaurant industry, it can be hard for them to provide proof of income since a majority of their pay comes from tips. Without proof of income, it can be near impossible to secure a loan for big purchases such as a home or car. If you are working for tips and need proof of income, this article will walk you through the steps of doing just that with a pay stub generator. How to Get Proof of Income Using a ...
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