Latest Breaking News On - நிலக்கரி நாடகம் - Page 1 : comparemela.com

To embed, copy and paste the code into your website or blog: Washington state has passed the nation s first public-operated, long-term care insurance program the Long Term Care (LTC) Act which is paid for by employees through employer withholding as a payroll tax. The statute is a compliance nightmare for employers, employees, and the state. An added complication is whether the Employee Retirement Income Security Act of 1974, as amended (ERISA), preempts the ability of the state to regulate this area. Tax Rate, Effective Date, and Benefit Amounts The LTC Act imposes a mandatory payroll tax for all employees on all compensation including stock-based compensation without a cap, at a rate of .0058 of the employee s wages. While the payroll tax is effective as of January 1, 2022, no benefits are payable until 2025. The benefits payable are a maximum rate of $100 per day to a lifetime maximum of $36,500.

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