Word: earners
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...addition to labor-market tightness, the prevalence of two-earner families and the greater importance professionals are placing on family life are adding to the challenges of making a job move tolerable. "Ten years ago, there was no value placed on the trailing spouse and kids," says Paul Purcell, executive vice president with Douglas Elliman, a national real estate company based in New York City. "But all that has changed. Nowadays someone's teenager can make or break a move...
Rising FICA burden. Beginning this year, you will pay Social Security tax on the first $72,600 you earn--up from the $68,400 threshold in 1998. That's a 6.1% hike, a rate that is roughly double the pay increase most wage earners will see. For anyone whose income exceeds that higher level, it means an extra $260.40 a year owed to the feds. Tip: earnings stashed in a flexible-spending account at work are exempt from FICA withholding. In a two-earner household, it may pay for the lower earner to fund the account...
...Corporation. Her descriptions often still hold; they are confirmed by the women themselves. We have the stories, the surveys and the numbers. If our woman has neared the top in the FORTUNE 500, our research tells us she is probably a staff officer. If she is a top earner, she is one of 63 women...
DIED. CARY MIDDLECOFF, 77, dentist who traded in his drill to become a top golfer and the leading money earner on the PGA Tour in the 1950s; in Memphis, Tenn. Middlecoff won 40 professional tournaments in his prime playing years, including two U.S. Opens and the Masters...
...marriage penalty is a peculiar "tax" levied mainly on married couples in which the husband and wife have similar incomes. Once relatively rare, pay parity in two-earner homes has become fairly common in the '90s--and there's the rub. Such households often pay more federal income tax married than if the two earners had remained single and just moved in together. How's that for Uncle Sam walking in on your love life...