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Families that are considered to become poor or low income are given assistance together with earned income credit, or EIC. The EIC is really a tax credit that helps such families with low earnings to keep a better standard of living. An EIC can translate in tax refund of about $400 and $4,500. How to handle it will explain how you can figure out if you are entitled for the EIC. For his 'payroll' tax as a member of staff he pays 7.65% of his $80,000 which is $6,120.
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