Youâd be forgiven for thinking that 350 on the dial means 350 in the oven. Youâd be wrong, though. When you set an oven to 350 degrees, there isnât a single spot inside of it that stays at 350 degrees for the duration of a bake session.
Employees of foreign governments are generally exempt from paying Social Security taxes on income paid to them as a result of their official responsibilities. As long as the foreign government employee is working in an official capacity on official business related to his employment, he does not have to pay Social Security on his pay.
Most pretax benefits are exempt from federal income tax and Social Security and Medicare taxes. However, life insurance premiums on coverage that exceeds $50,000, and adoption assistance and retirement contributions are excluded from federal income tax, but not Social Security and Medicare taxes.