0
Can employers opt to not withhold FICA for part-time employees that make under a certain amount each pay period?
Wiki User
∙ 14y ago
No not as long as they are employees.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Where does the employer get the information used to determine the amount of federal income tax to withhold from employees earnings?
From the IRS. They have instructions and pay charts telling employers what to withhold depending on how much the employee makes, how often they're paid, and what the employee entered on their Form W-4. There are also charts for certain types of work, such as agriculture. If you use this information to figure out if your employer is withholding the correct amount, don't forget to take into consideration any pretax benefits you have, such as a flexible spending account, which are subtracted before calculating tax. States also provide similar instructions or pay charts for employers to determine how much state tax to withhold. (See related link below for the IRS Pub 15 for employer instructions for withholding federal tax.)
What type of business qualify to withhold tax?
By using the term withhold, I suspect your intending to ask what Cos withhold employees income tax from pay. It doesn't have to be a company, officially, in any way. Any pay to an employee (rather than to someone who works as an independent contractor - which in itself requires certain things be maintained - MUST have withholding (and the matching FICA contrbutions, etc) by the employer. So, for example, if you employ a nanny, or an elderly person a caretaker on your own, as many do, you must provide payroll withholding and reporting.
Employers incur operating costs for which payroll taxes?
Besides salaries and wages earned by employees, employers incur costs for various payroll taxes, including the employer's share of Social Security and Medicare, workers' compensation premiums and unemployment insurance. Often they also incur costs for certain employee benefits, including health insurance and post-retirement benefits. All in all, additional payroll related costs can amount to 30% to 40% of wages and salaries. Call 888-924-1776 for more information about payroll related operating costs.
What is an IRS 941 form?
From IRS.gov General Instructions: Understanding Form 941 Purpose of Form 941 These instructions give you some background information about Form 941, Employer's QUARTERLY Federal Tax Return. They tell you who must file the form, how to fill it out line by line, and when and where to file it. If you want more in-depth information about payroll tax topics relating to Form 941, see Pub. 15 (Circular E), Employer's Tax Guide, or visit the IRS website at www.irs.gov and type 'Employment Tax' in the Search box. Federal law requires you, as an employer, to withhold taxes from your employees' paychecks. Each time you pay wages, you must withhold - or take out of your employees' paychecks - certain amounts for federal income tax, social security tax, and Medicare tax. Under the withholding system, taxes withheld from your employees are credited to your employees in payment of their tax liabilities. Federal law also requires employers to pay any liability for the employer's portion of social security and Medicare taxes. This portion of social security and Medicare taxes is not withheld from employees. Use Form 941 to report: payroll taxes (withheld federal income tax and both employee and employer shares of social security and Medicare taxes) for the quarter; current quarter's adjustments to social security and Medicare taxes for fractions of cents, sick pay, tips, and group-term life insurance; and prior quarters' adjustments to payroll taxes (attach Form 941c). Do not use the Form 941 to report backup withholding or income tax withholding on nonpayroll payments such as pensions, annuities, and gambling winnings. Report these types of withholding on Form 945, Annual Return of Withheld Federal Income Tax.
What is the 941 tax?
The 941 is the Employer's Quarterly Federal Tax Return and you can find the form and the instructions by going to the IRS gov web site ans use the search box choose instruction or the formInstructions for Form 941 (4/2010) Employer ...Instructions for Form 941 - Introductory Material ...Purpose of Form 941 ...Purpose of Form 941These instructions give you some background information about Form 941. They tell you who must file Form 941, how to complete it line by line, and when and where to file it.If you want more in-depth information about payroll tax topics relating to Form 941, see Pub. 15 (Circular E), Employer's Tax Guide, or visit the IRS website atthe Related Link below and click on the Employment Taxeslink.Federal law requires you, as an employer, to withhold taxes from your employees' paychecks. Each time you pay wages, you must withhold - or take out of your employees' paychecks - certain amounts for federal income tax, social security tax, and Medicare tax. Under the withholding system, taxes withheld from your employees are credited to your employees in payment of their tax liabilities.Federal law also requires you to pay any liability for the employer's portion of social security and Medicare taxes. This portion of social security and Medicare taxes is not withheld from employees.Who Must File Form 941?
Which of these statements is falseEffective employers allow employees to determine the details that will help realize a company's vision?
Effective employers don't share information with employees.
Is it illegal to have company policy requiring people to retire at a certain age?
It is lawful for all non-government employers with fewer than 20 employees: most US employers.
Where does the employer get the information used to determine the amount of federal income tax to withhold from employees earnings?
From the IRS. They have instructions and pay charts telling employers what to withhold depending on how much the employee makes, how often they're paid, and what the employee entered on their Form W-4. There are also charts for certain types of work, such as agriculture. If you use this information to figure out if your employer is withholding the correct amount, don't forget to take into consideration any pretax benefits you have, such as a flexible spending account, which are subtracted before calculating tax. States also provide similar instructions or pay charts for employers to determine how much state tax to withhold. (See related link below for the IRS Pub 15 for employer instructions for withholding federal tax.)
Is there a certain amount of health insurance for employers to offer employees?
There is currently no requirement for U.S. employers to offer a group health plan to its workers. In 2014, however, all employers who have 50 or more people will be required to offer a plan, or to offer "free choice vouchers" for employees to buy their own plan on an insurance exchange. When 2014 arrives, employers' plans will have to meet certain standards. Plans will have to cover certain things (i.e. preventive care), for example. This is all assuming that nothing else changes between now and 2014! For more plain and simple answers to health insurance questions, visit Health Unsurance blog.
Does your employer have to provide you health insurance?
Employers only have to provide health insurance if they meet certain legal requirements. A business must have a certain number of full-time employees for it to be required to provide insurance for health coverage.
Which jobs might require employees to wear a fall protection harness?
Employers are required to provide fall protection if their employees are above a certain height from the ground. This is common for construction and related fields, as well as window washing, painting, and sailing.
Is downtime at work considered a break?
The answer to this question depends largely on the the state in which one lives. Some states do not require employers to provide breaks to employees, and therefore, it is up to the employer to dictate the terms of employee breaks. Some states require employers to provide breaks to employees doing certain types of work or working in certain industries, but not others. Some states require employer to provide breaks unless the employee has sufficient "downtime." Lastly, some state require all employers to provide employees with breaks, regardless of how busy they are while working. Identifying the state in which the employee works would permit a more complete and accurate answer.
Can an employer regulate off work activities?
no they can notAnswer:Certainly. There are many examples:Employers often follow employees Twitter and Facebook accounts and will terminate employees for the content of those accountsEmployers will terminate employees who's private life reflects badly on the employerReligious schools terminate employees who do not follow the religions way of life (divorce etc.)Employees may be terminated for committing crimesEmployers may terminate employees whose life style makes them poor security risksSome employers require employees to drive certain types of cars or use certain products made by the employer
What is the name of the right the president has to withhold certain information from Congress?
executive privilege
How can I set up an access controller?
Access control allows employers to limit access to certain areas of their building setting different levels of security counting on individual employees’ needs and clearances. These systems also track who has entered certain access points; you’ll see analytics on employees’ movements and receive alerts on suspicious activity. For more information click here: tech deal
Is it true that collective bargaining is a court order that prevents a certain action from taking place?
No, collective bargaining is a process of negotiations between employers and a group of employees aimed at reaching agreements to regulate working conditions.
What type of business qualify to withhold tax?
By using the term withhold, I suspect your intending to ask what Cos withhold employees income tax from pay. It doesn't have to be a company, officially, in any way. Any pay to an employee (rather than to someone who works as an independent contractor - which in itself requires certain things be maintained - MUST have withholding (and the matching FICA contrbutions, etc) by the employer. So, for example, if you employ a nanny, or an elderly person a caretaker on your own, as many do, you must provide payroll withholding and reporting.
