The trade area attracts people from four Tennessee counties and borders the Kentucky state line. Paris / Henry County has a large tourist base with Historic Downtown Paris, Paris Landing State Park and Land Between the Lakes National Recreation Center on Kentucky Lake drawing 1.25 million visitors a year. Henry County has approximately 20 hotels, 500 rooms and 6 marinas.
In many cases, knowing the full definition of a word or phrase makes all the difference. What Does Pre-Tax Mean? Pre-tax dollars is a phrase that is often used in conjunction with retirement planning and 401k contributions. In fact, one of the benefits of a 401k plan is that contributions are made with pre-tax dollars. But, what is the definition of pre-tax dollars, anyway? When an employee gets paid, there are numerous deductions that get taken out of their paycheck. These payroll deductions range from income tax withholding to FICA taxes to voluntary contributions for things like health insurance or cafeteria plans (Section 125 plans).
Once you know your personal allowance, anything extra earned will be subject to income tax. For the 2015/16 tax year, there are three marginal income tax bands, including the 40% tax bracket and the 45% 'additional rate' bracket (also remember your personal allowance starts to shrink once earnings hit 100,000). What is my income tax rate 2015/16? Marginal bands mean you only pay the specified tax rate on that portion of salary. For instance, if your salary puts you in the 40% tax bracket (over PA+ 31,785 in 2015/16), then you only pay 40% tax on the segment of earnings in that income tax band.