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You must pay the tax on your employees' wages if they work in the TriMet Transit District or Lane Transit District. To see whether you owe the TriMet or Lane taxes, consult Oregon's zip code list.
Generally, the amount subject to self-employment tax is 92.35% of your net earnings from self-employment. You calculate net earnings by subtracting ordinary and necessary trade or business expenses from the gross income you derived from your trade or business.
A good rule of thumb is to set aside about 30% of your income. While this might seem high, it accounts for self-employment taxes (FICA) in addition to your regular income tax.
There are some organizations whose payroll is exempt from transit payroll tax (e.g. federal credit unions, 501(c)(3) nonprofit and tax-exempt institutions, etc.). However, every employer must deduct, withhold, report, and remit the new Statewide Transit Tax to the Department. \u2014 Nonresident employers.
Taxes that provide operating revenue for TriMet are administered and collected by the Oregon Department of Revenue. Effective January 1, 2022, the tax rate increased to 0.7937%% of the wages paid by an employer and the net earnings from self-employment for services performed within the TriMet District boundary.
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The current self-employment tax rate is 15.3 percent. You'll be able to deduct some of your business expenses from your income when calculating how much self-employment tax you owe.
Oregon Payroll Taxes It's a progressive income tax ranging from 4.75% to 9.9%, meaning the more money your employees make, the higher the income tax. Employees who work in Oregon also continue to pay a transit tax of 0.01% in 2022. You must withhold this tax from employee wages.
On July 1, 2018, employers must start withholding the statewide transit tax \u2014which is one-tenth of 1 percent\u2014from: Wages of Oregon residents (regardless of where the work is performed). Wages of nonresidents who perform services in Oregon.
The statewide transit individual (STI) tax helps fund public transportation services within Oregon. The tax is one-tenth of one percent (0.001), or $1 per $1,000 of wages.
The current self-employment tax rate is 15.3 percent. You'll be able to deduct some of your business expenses from your income when calculating how much self-employment tax you owe.

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