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How will associates be taxed on points?

Associates Points TAXED
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How will associates be taxed on points?

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Associate’s rewards will be taxed in accordance with IRS guidelines (25% FIT; 6.2% Social Security; 1.45% Medicare and applicable state tax). Statements will reflect the points deposited into your MIBANC account, less the taxes. There will be zero effect on the associate’s regular pay.

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