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Federal Income Tax
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∙ 10y ago
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Is professional tax can be paid by the employer on behalf of employee?
no its not paid by employer
Is professional tax paid by employee refundable?
No its not refundable- Rafik
What does PAYE tax mean?
Pay As You EarnA tax deducted at source by your employee before you get paid. A way for the government to get their tax without having to demand it.
What tax is paid by businesses only?
sales tax sales tax!
Is unemploymet tax paid by employer?
In most places yes, although the employee may have to contribute too.
Is professional tax can be paid by the employer on behalf of employee?
no its not paid by employer
Is professional tax paid by employee refundable?
No its not refundable- Rafik
Which taxes are paid by both the employer and employee at the same rate?
Social Security tax & Medicare tax
What does PAYE tax mean?
Pay As You EarnA tax deducted at source by your employee before you get paid. A way for the government to get their tax without having to demand it.
Why an employee paid income tax?
so next time they don't have to pay it, its paying in advance
Can your wife get paid as an employee in your LLC?
Yes, she can. As long as she is actually employed with a contract and is actually working, and you pay the employee tax. Legally speaking.
Do you have to pay tax for your employee?
no only if you want thought
What tax is paid by businesses only?
sales tax sales tax!
What is the difference between a tax paid by buyers and tax paid by sellers?
the only difference between tax paid by buyers and tax paid by sellers is who sends the money to the government. Manga economics student
What is employment tax liability?
Employment tax liability refers to the amount of taxes an employer is responsible for paying on behalf of their employees. This includes payroll taxes such as Social Security and Medicare taxes, as well as federal and state income tax withholdings. The employer is responsible for deducting and remitting these taxes from the employee's wages to the tax authorities.
Is disability insurance premium allowed as a pretax deduction in Ohio?
The pretaxing of disability premiums is a decision made by employers when setting up Section 125 benefit plans. There are three possible configurations: pretax only, after tax only, or employee chooses. When the premium is paid pre-tax the benefit becomes taxable when an employee is disabled. The employer and employee would both have a FICA or payroll tax obligation for the benefit paid. The insurance company may issue a 1099 statement for the benefits. There is no Ohio law changing the IRS guidelines on this topic that I am aware of.
What is the Medicare tax amount for 16640?
For the employee, it's 241.28, and there's a like amount paid by the employer.
