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American Payroll Association (APA) Basic Guide to Payroll, 2013 Edition

American Payroll Association (APA) Basic Guide to Payroll, 2013 Edition
It's more important than ever to be in compliance with payroll laws and regulations! How do you stay in compliance and avoid penalties? The APA Basic Guide to Payroll is written to make understanding the laws and regulations as easy as possible. And this single-volume guide is filled with tools to help you apply the law and make proper calculations – with ease!

CCH® PAYROLL — 6/15/12

Kansas Governor approves restructure of income tax rates

Kansas Governor Sam Brownback has signed legislation that implements a number of significant changes to corporate and personal income taxes. The legislation collapses the current three-bracket structure for personal income taxes (3.5%, 6.25%, and 6.45%) into a two-bracket system using rates of 3.0% and 4.9%. The bill also exempts certain non-wage business income (income reported by limited liability corporations and sole proprietorships) currently subject to personal income tax. Additionally, the legislation also repeals a number of tax credits currently available against personal income tax; increases the standard deduction amount for single head-of-household filers to $9,000 (currently, $4,500) and for married taxpayers filing jointly to $9,000 (currently, $6,000); and eliminates the subtraction modification for certain long-term care insurance expenditures and the income tax deduction for expensing enacted in 2011. (H.B. 2117, Laws 2012, effective July 1, 2012.)

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