The tax rate for a $125,000 per year salary would be up to 25%. This would be up to $31,250 per year in taxes.
The worker who paid £125 should get paid £687.50 and the other worker should get paid 812.50.
125fam deduction
Section 125 Cafeteria Plan A "Section 125 Cafeteria Plan", often referred to as a "Flexible Spending Account", helps you keep more of your paycheck by reducing your Federal and state taxes. It allows you to pay certain expenses before taxes are deducted from your paycheck. These expenses include daycare, insurance premiums and most out-of-pocket medical costs. Use this calculator to see how participating in your employer's "Section 125 Cafeteria Plan" can help you pay less tax, and increase your net take home pay. This calculator has been updated to use the new withholding schedules for 2010.
Put it this way, I claimed 48 weeks of babysitting for my son at $125/week I am receiving back $500. I think you should be looking at around $800 return for babysitting.
Under IRS Section 125 eligible expenses such as medical premiums can avoid income tax (both federal and state), these monies through the use of a Section 125 plan also avoid FICA (Social Security and Medicare) taxes on both the employee and employer matching contribution. Federal Unemployment Tax is exempt and in most cases State Unemployment Tax however depending on the state in can be classified as either a tax or insurance so you will need to determine the state for eligibility. For a list of states that have specific requirement see related link.
The lowest I've seen is 50 000 CAD/year and the highest is 125 000 CAD/year. CAD = Canadian dollar, which is pretty much equal to U.S. money.
i work on a livery yard with accommodation and earn 125 k per year :)
im a first year mechanic with a masive company .. so far i earn £125 a week plus overtime .. moneys bad for a while but goes up every year and when your qualified skys the limit....
almost Hourly 125 dollors
The population of Grenadines is 16,100.Aprox. 125 000.
100000/125=800
In UK a Biotechnologist gets an average of £75,000 - £125, 000 This is real!!
1 metre cubed = 100 cm * 100 cm * 100 cm = 1 000 000 cm cubedso 125 000 cm cubed in metres cubed = 125 000 / 1 000 000 = 0.125 m ^3
24 000 000/ 1 000 000 000 = 24/1000 = 3/125
125,450,000,000 = 125,450 million
16 000 000/2 000 000 00016/20001/125
if your not a proffesionnal about 125$ but that's if your a good non proffessional but if you are a proffessional then about 390$