A companies federal identification number is similar to a person's social number and you don't give that to anyone who wants it. For the same reason, you have no right or reason to have the federal identification number for a company. Why would you want their number anyway unless it is for some type of fraudulent usage.
Backup withholding is an investment term. Essentially, it means federal income tax that is withheld by a bank when it does not have the account holder's Social Security number on file.
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.
Classic Withholding Tax applies to the practice in some countries for people paying invoices to hold back a certain portion of their payment for withholding tax purposes. The United Kingdom is one of the countries the utilizes the Classic Withholding tax method.
yes
Like any other accrued liability/account payable, own account is nice, not entirely nessasary. It is charged as part of payroll expense (which it is).
Backup withholding is an investment term. Essentially, it means federal income tax that is withheld by a bank when it does not have the account holder's Social Security number on file.
Withholding tax is not required in SAP but this functionality available for the countries where it is required. There are two kinds of Withholding tax, Classic and Extended.
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.
yes
Classic Withholding Tax applies to the practice in some countries for people paying invoices to hold back a certain portion of their payment for withholding tax purposes. The United Kingdom is one of the countries the utilizes the Classic Withholding tax method.
16. The Thurstons' total federal income tax withholding is $
withholding tax
No. Its an excise tax
Like any other accrued liability/account payable, own account is nice, not entirely nessasary. It is charged as part of payroll expense (which it is).
It is called tax withholding. Many people simply call it withholding.
Form W-4 is Employee's Withholding Allowance Certificate. It's an IRS form that your employer gives you to complete for the employer's records. Allowable exemptions are the number of personal, dependable, and other exemptions that you claim on Form W-4. Your employer refers to the number of exemptions and your filing status to calculate income tax withholding from your earnings.For more information, go to www.irs.gov/taxtopics. Select Topic 753: Form W-4 Employee's Withholding Allowance Certificate.Also go to the Forms and Publications screen, www.irs.gov/formspubs. Select Publication Number to view/print Publication 505: Tax Withholding and Estimated Tax and Publication 919: How Do I Adjust My Tax Withholding?
social security tax