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What else can I help you with?
Can w2 forms be given to current employees and not former employees?
No... you have to get them to every employee who worked for you during the year. Otherwise how would they file their taxes.
Is sales tax deducted from your paycheck?
Many taxes are deducted from your paycheck, but sales tax is not one of them. Sales taxes are collected by a merchant at the point of purchase of most goods and some services. The merchant remits the sales taxes to the state on your behalf. Occasionally, you many not pay sales taxes at the time of purchase, as in when you make a purchase online from a merchant in another state. In those cases, you would owe a use tax to your state which is usually paid when filling out your annual state income tax return.
Are employers required to withhold payroll taxes for vendors?
A taxpayer only needs to withhold payroll taxes on employees. A vendor would not typically be an employee of the company buying the goods or services.
Can you get a tax refund if you paid no taxes?
No. If you did not pay any taxes or have them deducted from your paycheck, you can not get a refund.However, because of many special programs in the tax system, the earned income tax c credit programs most noteably, you may receive what would seem like a "refund" of taxes that you didn't even pay! These same credits may be provided over the year in each of your paychecks and you should talk with your payroll manager about it.
What would be deducted from the balance per books on a bank reconciliation?
service charge
What is a payroll in a way a kid could understand?
A payroll is a record of money a company pays to its employees. This record would include salaries, bonuses, and taxes deducted.
Can w2 forms be given to current employees and not former employees?
No... you have to get them to every employee who worked for you during the year. Otherwise how would they file their taxes.
Is sales tax deducted from your paycheck?
Many taxes are deducted from your paycheck, but sales tax is not one of them. Sales taxes are collected by a merchant at the point of purchase of most goods and some services. The merchant remits the sales taxes to the state on your behalf. Occasionally, you many not pay sales taxes at the time of purchase, as in when you make a purchase online from a merchant in another state. In those cases, you would owe a use tax to your state which is usually paid when filling out your annual state income tax return.
After taxes how much is 18.50 per hour in a paycheck of 80 hours?
To calculate the take-home pay after taxes for an hourly wage of $18.50 over 80 hours, first find the gross pay: 18.50 x 80 = $1,480. Assuming an average tax rate of around 25%, the total taxes deducted would be approximately $370. Therefore, the net pay after taxes would be about $1,110.
What is the difference between Gross Income and Net Income as it is applied to the typical worker?
Gross income usually is the money someone or something has earned before any deductions such as taxes, expenses, or promotion has been deducted. If you are receiving money after such expenses have been deducted, you are receiving money based on NET income.
Are employers required to withhold payroll taxes for vendors?
A taxpayer only needs to withhold payroll taxes on employees. A vendor would not typically be an employee of the company buying the goods or services.
Are taxes taken out of life insurance?
Personal life insurance proceeds are generally paid out free of income taxes as long as the premiums were paid with after-tax dollars. But if a business paid the premiums and deducted the premiums as an operating expense, then the life insurance proceeds would be taxable to the beneficiary.
What the system of payment would be the most appropriate for the shop floor employees?
A system of payment that would be most appropriate for the shop floor employees would be a weekly or bi-weekly paycheck. This paycheck should also have the proper taxes taken out. The shop floor employees should be paid an hourly wage that meets or exceeds the Federal minimum allowed.
Can unpaid unemployment taxes be garnished from current unemployment checks?
Depending on the state, if it is overpayment of benefits due the state then probably yes. Otherwise, unemployment taxes are levied against the employers, not the employees so there would be no garnishment in that case.
Filling single head of house 0 dependents how much would be took out for federal taxes?
You should get the information from your employer payroll department if you really need to know the correct numbers or amount that should be deducted from your gross earnings
A business with few employees and accountant is unable to handle payroll and filing taxes on time and paying huge taxes any advice?
Not knowing what business this involves, but I would look at your accountant and accounting procedures. Make sure your up to date with current technology and software to for your particular business, or send your employees for training of current practices.
Will you get a tax return if you received unemployment all year?
Because unemployment compensation is, at least, Federal income taxable, if during the year you have other income which puts you in a taxable bracket, and you overpaid your taxes, then like any other tax payer you would be entitled to a refund.
