WebPaying for Benefits. The university invests in you by contributing a significant amount toward the cost of your benefits. If you are a faculty or staff member, you pay any balance through automatic deductions from your pay. Your benefit costs are calculated on the first day of each month based on your employment status, plan and coverage level. WebFeb 10, 2024 · After accounting for your other deductions, you're in the 22% tax bracket. The pass-through deduction allows you to deduct $6,000, or 20% of your consulting income. Because you're in the 22% tax ...
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