Transferred use of the surname derived from the Old English lÄah (wood, clearing, meadow), lee has the meaning dweller by the wood or clearing.. In Middle English, the spelling lÄah evolved to leigh, legh. Lee is popularly used as a name element in combi. From A World of Baby Names by Teresa Norman.
Arkansas is a relatively tax-friendly state for retirees. Social Security is totally exempt from the stateâs income tax. Arkansas also offers seniors a deduction of $6,000 for other types of retirement income like income from pensions or income from an IRA.
Calculate Social Security tax. The tax rate for Social Security is 12.40 percent of gross earnings, of which the employee pays half, or 6.20 percent. Multiply gross earnings by 6.20 percent to find the Social Security tax to be deducted from the employee's pay. Find the amount of Medicare tax.