The Russian president takes the crown from U.S. President Barack Obama, who has been on top every time except 2010, when Chinese president Hu Jintao briefly took his place. Let's begin by saying this: The list is right, Putin is clearly the most powerful person in the world right now. However, the Forbes list shouldn't be a shock â it's correcting itself.
MEDI is the Medicare tax withheld for contributions to the social insurance system better known as Medicare insurance. It is calculated at 1.45% of gross wages minus pre-tax deductions such as family medical and dental premiums. There is no limit on wages on which the tax is calculated. more.
A withholding tax, also called a retention tax, is an income tax to be paid to the government by the payer of the income rather than by the recipient of the income. The tax is thus withheld or deducted from the income paid to the recipient. In most jurisdictions, withholding tax applies to employment income. Many jurisdictions also require withholding tax on payments of interest or dividends. In most jurisdictions, there are additional withholding tax obligations if the recipient of the income i