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However much the IRS says you should. This is not arbitrary. The employee must out a form W4, and depending on what they indicate on that form you must withhold taxes.
The above is really not relevant in any way to FICA...NOT AT ALL.
A W-4 form is required for payroll purposes and as you can find in discussions here or at the IRS guidelines, it is entirely under the control of the one (employee) making it to complete it to get the result they want, for their own personal circumstances. It is a form that directs the employer to withhold - for INCOME TAX the amount from that payroll that is wanted. Many 2 income familes have all taxes taken from one income (especially if one is an employee) for the both...specially if the other spouse is self employed and would have to make estimated (Form 1040 ES) payments. There are many other reasons....NONE ARE RELEVANT TO THIS FICA QUESTION.
What else can I help you with?
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 instruct your payroll department not to withhold any federal and state taxes from your paycheck?
Only under very limited circumstances if, for some reason, you are qualified to be exempt from withholding taxes. Under most circumstances, no. The company is required to withhold taxes and report employee earnings.
Is it legal for an employer to charge a fee for taking local taxes out of your check?
Absolutely "NO". They cannot charge to withhold taxes. They can charge to withhold a garnishment if instructed by the court.
Can an employer take taxes out of your paycheck if you did not fill out a tax form?
Yes. Form W-4 (Employee's Withholding Allowance Certificate) gives the information that your employer needs to calculate the correct amount of taxes (income, Medicare, Social Security) to withhold from your earnings. If you don't fill out a W-4 form, then the IRS requires your employer to withhold taxes at the highest rate, which is Single with no dependent allowances.
Do you need to take out taxes to pay the babysitter?
If you are the employer and the babysitter is your employee yes you would be required to withhold all of the necessary taxes and report the amounts that are withheld to the IRS as required and issue a W-2 form to your employee at the end of the year. If the babysitter is self employed taxpayer NO then the baby sitter will be responsible for all of the required self employment taxes and income taxes on the net profit from the business operation.
What does it mean when an employer does not withhold taxes from an employee's paycheck?
When an employer does not withhold taxes from an employee's paycheck, it means that the employee is responsible for paying their own taxes directly to the government.
If an external conpany sends to your company compensation for your employee for attending the external companies workshop. I this a pass through with no taxes taken or should my company withhold taxes?
no
Should you withhold social security taxes from an employee's pay based on the check date or the pay period date?
Check date.
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 an employee legally block federal taxes from being withheld from their paycheck?
No, an employee cannot legally block federal taxes from being withheld from their paycheck. It is a legal requirement for employers to withhold federal taxes from employee paychecks as mandated by the Internal Revenue Service (IRS).
Can you instruct your payroll department not to withhold any federal and state taxes from your paycheck?
Only under very limited circumstances if, for some reason, you are qualified to be exempt from withholding taxes. Under most circumstances, no. The company is required to withhold taxes and report employee earnings.
Can an employer legally withhold payment from an employee?
No, an employer cannot legally withhold payment from an employee for hours worked or services rendered. It is against labor laws to withhold wages without a valid reason, such as unpaid taxes or court-ordered garnishments. Employees have the right to receive their full wages on time.
How much should a self-employed individual withhold for taxes?
A self-employed individual should typically withhold around 25-30 of their income for taxes to cover federal income tax, self-employment tax, and state taxes.
Can you not withhold federal taxes from my paycheck?
No, as an employer, I am required by law to withhold federal taxes from your paycheck.
Is it possible for me to not withhold federal taxes?
No, it is not possible to not withhold federal taxes if you are earning income subject to taxation.
Can you legally withhold money from an employee's paycheck?
Yes, an employer can legally withhold money from an employee's paycheck for reasons such as taxes, benefits, or court-ordered deductions. However, there are specific laws and regulations that govern how and when these deductions can be made. It is important for employers to follow these laws to avoid legal consequences.
Is it illegal to withhold someone's paycheck?
Yes, it is illegal for an employer to withhold an employee's paycheck without a valid reason, such as unpaid taxes or court-ordered deductions. Employers are required by law to pay employees for the work they have done.
