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Domestic help - what is the minimum amount requiring withholding FICA?
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Can your tax refund exceed your federal withholding amount?
Yes
What is the accounting double entry when a company pay withhold tax?
When paying withholding tax the double accounting method would be to first post the amount as an Accounts Receivable, under Withholding Tax. The next step would be to post the amount to Accounts Payable under Withholding Tax.
Difference between income tax and withholding tax?
The income tax is what is paid by "withholding of tax" from someones payment/pay. Other taxes or charges, like insurance, worker comp, etc may be [apd by withholding the amount from payment/payroll. There is really no such thing as a tax on withholding.
What is the description of a withholding?
it is the amount employers subtract from an employees check each pay period.
Which of the following is a description of withholding?
it is the amount employers subtract from an employee's check each pay period.
What is the minimum amount from social security?
For an employee with an employer withholding the 6.2% the employee minimum contribution amount would also be 6.25% of the gross wages (earnings) 10 X .0625 = .63 100 X .0625 = 6.25
What is the 2010 social security withholding amount?
6.2%
Can your tax refund exceed your federal withholding amount?
Yes
What is the accounting double entry when a company pay withhold tax?
When paying withholding tax the double accounting method would be to first post the amount as an Accounts Receivable, under Withholding Tax. The next step would be to post the amount to Accounts Payable under Withholding Tax.
What is withholding payment?
Withholding is the portion of an employee's wages that is not included in their paycheck but is instead remitted directly to the federal, state, or local tax authorities. Withholding reduces the amount of tax employees must pay when they submit their annual tax returns. For employees, withholding is the amount of federal income tax withheld from your paycheck. The amount of income tax your employer withholds from your regular pay depends on two things: The amount you earn. The information you give your employer on Form W–4.
What is withholding tax?
Withholding is the removal of certain amount of taxes from a persons pay check before they receive it. The amount of withholding depends on the amount of dependents one claims. The normal amount dependents claimed it 0 so that the full amount of taxes are removed, thus leading to a tax refund.
Difference between income tax and withholding tax?
The income tax is what is paid by "withholding of tax" from someones payment/pay. Other taxes or charges, like insurance, worker comp, etc may be [apd by withholding the amount from payment/payroll. There is really no such thing as a tax on withholding.
What is the description of a withholding?
it is the amount employers subtract from an employees check each pay period.
Is a description of withholding?
it is the amount employers subtract from an employees check each pay period.
What is the description of withholding?
it is the amount employers subtract from an employees check each pay period.
What is a description of withholding?
it is the amount employers subtract from an employees check each pay period.
What states Expose the minimum number of people to the minimum amount of explosives for the minimum amount of time?
principle of explosives safety
