It's the same as why you wouldn't measure your weight in ounces, but neither would you weigh something very light in pounds - you want a convenient number which is easy to interpret. PC is short for parsec and it's a unit of measurement equal to 3,000,000,000,000,000,000 cm!
Take your annual covered earnings (the earnings on which you pay Social Security payroll taxes), multiply it by that year's index factor and you will obtain your indexed wage for each year you have worked. Next, add up all these indexed wages and divide them by 35 to determine your average wage.
Please use the return which corresponds to the period for which you are filing. 2. On line 1,enter the wages subject to Marion City Income Tax paid during the filing period. Please refer to the enclosed sheet explaining qualifying wages to determine if wages are. subject to city income tax. 3. On line 2, enter the Marion City Income Taxes withheld for the period. Our tax rate iS2.