What would you like to do?
What does Federal Insurance Contributions Act tax require each employer to file?
Half is paid by employers, the other half by employees. If you are self-employed, you get to pay both halves.
No. If you mean state regulated Workers' Compensation coverage, (and don't have it confused with Social Security) the Federal government does not mandate anything about the sy…stem and certainly does not require employees to contribute.
Nope. Your income tax is YOUR income tax on YOUR income...and you owe income tax on income other than what you make with him, and that amount you pay on any income depends on… things like your marital status, health, expenses, if you pay a interest on a home mortgage, etc, etc. Not in the employers control. HE DOES MATCH THE AMOUNT YOU MUST CONTRIBUTE TO FICA/SOCIAL SECURITY. 15.30% total, or his half 7.65%. He also pays many things entirely - like unemployment, disability, workers compensation, etc. And of course, he pays income taxes on the income of the company entirely too.
You can file your federal tax return for free with the IRS. It's the preparation that places charge you for. If you have patience and a calculator, you can do it yourself for …free.
First I would point out a common sense thing: Even if you don't HAVE TO file, (or actually especially if you don't have to), you really should. Many benefits are made av…ailable to only those that file...like this years economic stimulus payment, or earned income credits, other things lke refunds of tax you may not even realize was taken, and legal/tax security happens only by filing...so...consider if the IRS says you don't have to file - who do you think that is good for, you or them? Wanna bet...good for them bad for you! To determine if you need to file a Federal Income Tax return answer the following questions: Occasionally, individuals have one-time or infrequent financial transactions that may require them to file a Federal Income Tax return. Do any of the following examples apply to you? * Did you have Federal taxes withheld from your pension and wages for this tax year and wish to get a refund back? * Are you entitled to the Earned Income Tax Credit or did you receive Advance Earned Income Credit for this tax year? * Were you self-employed with earnings of more than $400.00? * Did you sell your home? * Will you owe any special tax on a qualified retirement plan (including an individual retirement account (IRA) or medical savings account (MSA)? You may owe tax if you: ** Received an early distribution from a qualified plan ** Made excess contributions to your IRA or MSA ** Were born before July 1, 1936, and you did not take the minimum required distribution from your qualified retirement plan. ** Received a distribution in the excess of $160,000 from a qualified retirement plan. * Will you owe social security and Medicare tax on tips you did not report to your employer? * Will you owe uncollected social security and Medicare or Railroad retirement (RRTA) tax on tips you reported to your employer? * Will you be subject to Alternative Minimum Tax (AMT)? (The tax law gives special treatment to some kinds of income and allows special deductions and credit for some kinds of expenses.) * Will you owe recapture tax? * Are you a church employee with income in wages of $108.28 or more from a church or qualified church-controlled organization that is exempt from employer social security or Medicare taxes?
Social Security Act
Answer There is no age requirement, if you have sufficient income you have to file taxes. Answer CHECK THE IRS AND YOUR STATES GUIDL…INES , BUT GENERALLY IF YOU EARN ABOVE A CERTAIN INCOME , AND CERTAIN TYPES OF INCOMES-----NONE OF WHICH IS AGE RELATED UNLESS YOU ARE RETIRED AND OVER A CERTAIN AGE - I THINK ITS 70 YRS BUT CHECK THE BOOKS TO MAKE SURE
What is the federal law requiring employers to permit employees to continue their group health insurance coverage after termination?
The Consolidated Omnibus Budget Reconciliation Act or COBRA is what you are referencing. It allows you to keep your group coverage for a specific period of time provided you p…ay the premiums. One very important point here that most people do not know. If you have a family that was covered on the group plan each is eligible independently, you do not have to enroll he whole group. Lilkewise you do not have o enroll the employee but can still enroll the dependents. Say you have a dependent with ongoing medical needs but you are in good health and are willing to run the risk of going without coverage (NOT something I recommend). You can enroll that dependent only and drop coverage for yourself. Also you have 60 days to enroll so take that time to look around for other options.
2008: $2 million; 2009: $3.5 million; 2010: no estate taxes, so not required; 2011 and thereafter: $1 million.
To determine if you are required to file a federal income tax form, see Tables 1, 2, and 3 on pages 2, 3, and 4 of Publication 501: http://www.irs.gov/pub/irs-pdf/p501.pdf … State income tax requirements are different than federal. You should consult the instructions that come with your state tax forms or you might be able to find the information on your state tax department's web site. Even if you are not REQUIRED to file, if you had tax taken out of your salary, pension, Social Security, or other payments, you should file in order to get a refund.
To be clearer...all employers who have payroll tax responsibilities - Yes...and of course there is probably some weird exception, for some type of Church or such....who has a…n obligaion to provide something similar (of course these may not be standardly taxable type entities in many respects)
In order to compute the income taxes you owe the federal government this year your employer is required to give you what form?
You need a W-2 form.
FELA exists to protect the rights of railroad employees to coverage for their medical bills, lost income and other costs after injuries incurred at work. The Act is a very spe…cific sector of law, and not all lawyers practice FELA law. It's in the best interests of an injured railroad worker to seek out and consult a FELA attorney for knowledgeable, experienced representation.
Social Security tax