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For which of the following taxes is there no ceiling on the amount of employee annual earnings subject to the tax?
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∙ 11y ago
celling tax
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∙ 11y ago
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S- corporation Accumulated Earnings Tax?
No. In general, Sub Chapter S corporations are not subject to the AET.
How much fica is taken out on 50.000?
The (OASDI) Old Age Survivor and Disability Insurance (FICA) (social security and Medicare taxes) all mean the same tax. You really should get the correct amount that will be withheld from your gross earnings that are subject to the social security and medicare taxes (FICA) from your employer payroll department. The rough estimated amount IF the 50000 wages earned income gross amount is earnings that would be subject to the total 15.3% (FICA) tax 1/2 by the employee and 1/2 by the employer would each be each 3825 X 2 = 7650 total by the employee and the employer. If you are self employed and IF you had a NET PROFIT of 50000 from your business operation you would be responsible for the entire 7650 estimated total social security and medicare tax amount.
Are unappropriated retained earnings in a c corp subject to income tax if distributed to shareholders?
Retained earnings are retained on the balance sheet after being earned and taxed. To distribute them to shareholders, they would be dividended, which is not deductible and done with after tax money to the company, and is taxable to the recepient.
What is a deduction from earnings as an advance payment on income tax?
Withholding amounts from your gross income is an advance payment of income tax and other required taxes, etc that your employer payroll department is required to withhold from your gross earnings that are subject to the withholding tax rate amounts.
What is the amount of money you need to make to get a W-2 Tax Form?
There is no minimum....any amount earned as an employee is subject to this reporting.
What is a 401(k) plan?
A 401(k) plan is a "savings" plan that allows an employee to put aside money from his paycheck before any taxes are calculated on it. In other words, there are no federal or state taxes. They are however subject to social security and medicare taxes. The 401(k) plan is administered by the employer. Some employers match a portion of the amount the employee contributes to his own plan. Average match is about 3% of the employee earnings. There is a limit each year for the amount that the employee can contribute.
What has the author Elizabeth Hubbick written?
Elizabeth Hubbick has written: 'Employee share ownership' -- subject(s): Employee stock options, Employee ownership, Profit-sharing
What has the author Ruth Brennan written?
Ruth Brennan has written: 'Employee welfare' -- subject(s): Employee assistance programs
S- corporation Accumulated Earnings Tax?
No. In general, Sub Chapter S corporations are not subject to the AET.
What has the author Irene Elaine Voit written?
Irene Elaine Voit has written: 'Employee theft' -- subject(s): Employee theft
What has the author Christopher Lewis written?
Christopher Lewis has written: 'Employee selection' -- subject(s): Employee selection, Recruiting of employees
What has the author Mitchell Meyer written?
Mitchell Meyer has written: 'Profile of employee benefits' -- subject(s): Employee fringe benefits
What has the author Ann M Morrison written?
Ann M. Morrison has written: 'A glass ceiling survey' -- subject(s): Minority executives, Women executives 'Breaking the glass ceiling'
What has the author Bengt Abrahamsson written?
Bengt Abrahamsson has written: 'The rights of labor' -- subject(s): Employee ownership, Property, Socialism, Value 'The logic of organizations' -- subject(s): Employee participation, Management
What has the author Bernhard Nagel written?
Bernhard Nagel has written: 'Unternehmensmitbestimmung' -- subject(s): Employee participation, Management 'Neue Konzernstrukturen und Mitbestimmung' -- subject(s): Employee participation, Industrial management
What dollar amount do they stop taking social secutty taxes in 2016?
In 2016, the maximum taxable earnings for Social Security tax was $118,500. Any earnings above this threshold were not subject to Social Security taxes.
What has the author W Gower written?
W. Gower has written: 'Employee assistance programs' -- subject(s): Bibliography, Employee assistance programs
