44

In addition to the information in Andrew Timpson's answer, it is important to understand that the information is critical for the employer itself. A company with even one employee in another state is frequently considered by the other state to conduct business in that state. The employee's location may be considered a branch office of the employer; employer ...


37

US employees are taxed based on where the work occurs. Each state has its own tax rate, and in some cases individual cities have income taxes as well. Companies need to know where their employees are working so they can perform the necessary tax withholdings, and remit them along with W-2 data to the appropriate authorities in each locale.


27

For the federal tax, start by looking at IRS Publication 15, the Employer’s Tax Guide. The withholding tables that you would use are in IRS Publication 15-T, Federal Income Tax Withholding Methods. Your state will have more requirements and forms that will need to be filled out. I have no experience with California. Payroll is a very complicated subject....


17

Although it doesn't answer your literal question I think it is important to note that in the specific example you are citing, Facebook wants to adjust/lower the salary of an employee according to the cost of living in their locale. This is briefly touched in one of the articles you quote but more clearly in some other articles, for example https://www....


12

Real estate prices depend heavily on location. Generally speaking, the better the economy in an area, the more expensive the real estate. There are rural areas in Europe where houses are just as cheap. In the economically weak regions of East Germany you can get a house for under 100,000 €. Similarly, there are urban regions in the US where real estate ...


9

Check with the procedure to be followed by your bank. They should have no problem with known variations on a name: Samuel, Sam, Sammy; Michael, Mike; William, Will, Bill, Billy. But if a you are going to go by a middle name only (Sawyer or Conner), or initials (SS Abraham), or a nickname (JR) the bank will want you to file paperwork when you open the ...


8

For California it's the EDD (Employment Development Department) which will have the state withholding info, including tables. There are different types of employers, so look up your type and the appropriate table on the EDD site. For example a household employer may just withhold annually whereas another employer may withhold quarterly. For California the ...


4

Whats a good percentage of my salary to set aside for health insurance in California? Enough to pay for the plan you enroll in. It's not really possible (especially for strangers on the internet) to answer more specifically than that. If you make a lot of money, this may be 5% of your salary. If you make a lot less, it may be 50% or more. If you have low ...


4

The S&P 500 is just an index - a list of specific stocks, it is not an investible instrument. What you are finding are some ETFs that track the S&P 500's returns, as well as ETFs that track other indices (like the Dow Jones US Index) and other variants or segments of the S&P 500 (e.g. XBI is specific to Biotech). Of the ones you list, SPY, IVV, ...


3

Health insurance cost doesn't scale with salary, so % of salary is not a good measure. I will advise you to pay attention to all aspects of the plan, including the deductible, HSA eligibility, etc. The plan with the highest premium is not always the best. In fact, the plans with the lowest premium are almost always (in my experience) the cheapest overall ...


3

The rule-of-thumb is that if your company is going to contract your services to another company they have to charge 2x what the employee sees as their gross pay. That pays for salary, benefits including holidays and vacation, and their portion of FICA. There is also the cost of 401(k) matching. There are also other things such as payroll taxes charged by the ...


3

Although your experience might differ, I have had no difficulty depositing cheques made out to any name, as long as the intended recipient has properly endorsed the cheque (and, of course, I have their permission to deposit the cheque). If you really want, you can also have the endorsee write "FDO" (For Deposit Only) and then your account number under the ...


2

The IRS would actually notice- since both 4500 and 6000 dollars are less than the minimum filing requirement I don't think my income would even end up on any tax returns either way. Reporting incorrect information would be tax fraud. You would have an excess contribution which would then require you to either remove it before tax day, or next year face ...


2

After you complete W-8BEN, you will not receive 1099. You will receive 1042-S with Non-resident Alien Withholding. 1042-S can be optionally used in 1040-NR to recover some withholding. If by "Broker", you mean stock broker (including ETF), then you can claim Article 10 of https://www.irs.gov/pub/irs-trty/india.pdf "tax so charged shall not exceed 25 ...


2

You don't owe taxes on gifts until you reach your lifetime estate tax exemption which is currently north of eleven million dollars. Answering your questions in order There's no such thing as a one-time gift. Yes, paying their debts off is a gift to them. You can gift each of them individually $15,000 this year for a total of $30,000. If you are married, ...


2

These are really two different things. You can't "combine" them. You have income from stock cash dividends or bond interests. You need to pay income tax on these and then the money is "free & clear" yours and you can do with it whatever you want. You can donate any of your money to charity. It makes no difference where it comes from. The donation is ...


2

If you invest $6,000 in a non-retirement fund and you sell that fund when the value reaches $12,000 you will be taxed on the $6,000 gain. How much depends on your exact tax situation including how long you owned the shares, your other income and gains, and your filing status. But if you put the $6,000 into a Roth IRA, and then you want to remove the $12,...


1

Your assumptions are mostly right, but you are missing some critical points: If you contribute post-tax, you will have less money to contribute, so you will end up with a lot less in the account. In other words, 1.5 mio post-tax is certainly better than 1.5 mil pre-tax, but to have 1.5 mil post-tax, you need to originally have maybe 2 mio. At one point in ...


1

Capital Gains arising from not effectively connected income (Schedule NEC) of 1040-NR, i.e. Stock, Bond, Savings Account, are exempt from US Capital Gains Tax. So if you had Capital Loss carryover, there is nothing to offset with. "Capital gains of aliens present in the United States 183 days or more if such gains and losses were effectively connected with ...


1

Only SPY, IVV, and VOO are "true and only". If you are holding it for years, they are equally "stable, reliable, consistent". If you sometimes buy/sell at extreme volatility, e.g. Market Order on Open, SPY is more consistent intra-day, at slightly higher expense.


1

The nearest equivalent in the US to the Singapore and Malaysia Central Depositories is the Depository Trust & Clearing Corporation, a holding company which owns the DTC and NSCC which provide central clearing of US equities. It works differently to the Singapore/Malaysia system, in that retail customers do not have a direct relationship with DTCC. No ...


1

What is the name of the organization that acts as the central depository for shares in the US? There is no such central organization in the US. If there is no such organization, where are shares held? Your broker holds the record of the shares (though like cash, most of it it just stored electronically, not in physical certificates) How can I know ...


1

FDIC and SIPC are different types of insurance that cover different things. FDIC insures cash in a bank account. With an FDIC-insured bank account, if you put $1000 into your account, you are guaranteed to get $1000 out (not including bank fees). The “cash” you have in a brokerage account such as Robinhood, however, is not in a bank account. Instead, it ...


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