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Who is responsible for not with holding proper amount of federal taxes We think her employer didnt take out enough this year?
Wiki User
∙ 13y ago
The individual taxpayer had to furnish the correct information to the employer on the IRS FORM W-4 for each year and should go to the IRS gov web site and use the search box for WITHHOLDING CALCULATOR to make sure that the correct amounts that are being withheld will be enough to get a amount of refund rather than having to send a payment for an amount that is owed after the 1040 income tax return is completed correctly.
Wiki User
∙ 13y ago
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Is your employer responsible for taxing you corectly?
Your employer is responsible for collecting the correct amount of Social Security and Medicare taxes. Your employer is also responsible for withholding the amount that should be withheld based on the W-4 form that you filled out and gave him. You control the amount to be withheld based on what you put down on the W-4 form. This is rarely, if ever, the actual amount of tax you owe. If the withholding is not enough to cover the taxes you owe or if the employer fails to withhold taxes, you are still responsible for paying them directly to the government.
How much does an employer match in payroll taxes?
An employer matches the amount of FICA (Social Security) and Medicare taxes which are 6.2% and 1.45% of your gross income respectively. The same amount is paid by the employer and the employee toward these two taxes. Only the employee pays their Federal, State, and/or Local Income tax withholding but the employer is responsible for withholding these taxes and remitting all of them to the IRS on a timely basis.
Which tax form is completed by an employer to inform the employee of the amount of federal withholding for the previous year?
W-4
What is employment tax liability?
Employment tax liability refers to the amount of taxes an employer is responsible for paying on behalf of their employees. This includes payroll taxes such as Social Security and Medicare taxes, as well as federal and state income tax withholdings. The employer is responsible for deducting and remitting these taxes from the employee's wages to the tax authorities.
How much should you get paid on company time for gas mileage?
An employer can pay any amount they want for gas mileage. The federal government allows an employee to claim a deduction for the business mileage if the employer does not reimburse the employee for the expense.
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.
Why is the employer holding more fed taxes out of paycheck in 2010 than 2009?
Probably because the withholding rates were changed. You should get this information from your employer payroll department as they will be the one that would know how much FICA, federal income tax, state income, local taxes, etc they will have to withhold from your hourly pay or gross pay for the pay period. After the withheld amount for all taxes is subtracted from your gross wages (earned income) your paycheck will issued for the net amount of your earning (wages).
What percent of your paycheck is taxes in California?
Your employer would be the one that could give you the percentage amount that you could use to try and determine the amount that you may bring home after all of the taxes federal and state are withheld from your paycheck.
How much federal tax is taken out of 2000 dollars?
You do not have a set percentage amount for this purpose. For the tax year 2010 the social security and medicare tax is withheld by your employer payroll department from your first dollar of your gross earnings at the 7.65% rate. The 7.65% amount is matched by your employer for a total of 15.3% contribution to the SSA insurance trustee. Then you will also have other federal income tax amounts and other items that your employer payroll department will be required to withhold from your gross earnings before you will be issued your NET TAKE HOME paycheck. You should ask the employer payroll department for the amounts that they will have to withhold from your gross earnings.
What is some basic information on the 2011 federal tax form 1040?
The basic information on the 2011 Federal tax form 1040 is all on the w-2 that your employer mails or gives you. It is a summary of the amount of money paid and taxes paid.
How much money is taken in federal taxes for every thousand you make?
Your employer would be able to give you the percentage amount that would be withheld from your pay for the total of all taxes on the 1000 amount. Social security, medicare, federal income taxes, state income taxes, local income taxes, etc.
Employer Background check cost?
For you as the employer? That would depend on the amount of information you are seeking.
