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Do foreigners have to pay income tax while in Anerica?
If they are here legally, then yes they must pay income tax. This is assuming that they are working at a place that keeps track of employees salary. If they are just visiting, they obviously won't have to pay anything.
What is the type of tax you pay from their salary?
withholding tax
How Tax tiger help to solve prblems?
The 941 tax requires employers to pay payroll taxes for all employees. Most businesses are required to pay the 941 tax four times each year (quarterly). Even individuals who employ just one or two people may be required to pay 941 tax. Failure to pay the 941 tax in a timely manner can result in penalties, garnishments and levies
Do you need to pay monthly and quarterly income tax even though you have paid the annual income tax?
yes we have to pay tds and advace tax beside anual income tax
What type of tax is monthly salary?
Monthly salary is not a tax, though you may have to pay taxes on your salary as required by your local, state, and national tax laws.
Do state employees pay fed tax?
Yes
How do you calculate FUTA taxes?
FUTA is based on the first $7000.00 of income for each employee. If you are required to pay state unemployment tax and you pay it on time, your FUTA computation is .08% of each employees first $7000 income. If you don't pay the state on time, then you pay 6.4% of the first $7000 income. It's filed on tax form 940, but usually paid in quarterly.
How are the taxes on employee's earnings collected?
Taxes on employees' earnings are collected through the use of quarterly payments to the Internal Revenue Service in the United States. Taxes on employees' earnings are also collected individually from employees at the end of a tax year if taxes previously paid were not sufficient enough to pay total taxes owed.
What is a tax that you pay on the money you earn?
To answer your question, the taxes you pay on the money you earn (salary, income) is called income tax.
If you are retired and have Social Security income plus annuities do you have to pay estimated tax quarterly?
It would depend on your level of withholding and whether or not you are taking taxable distributions from your annuities. If you have other income that is not subject to withholding, that would likely require you to pay quarterly estimated taxes. On time and adequate quarterly payments will help you avoid any tax penalties for late payment.
Does an employer make employee pay their business tax?
Employees do the work that generates the profits which allow their employer to pay taxes. But you will not find a deduction on the employees pay stub which reads, this amount deducted from your pay to cover your employer's business tax.
What are after tax deductions?
Those are amounts taken out of your paycheck that do not reduce the amount of tax you have to pay on your salary.
