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What else can I help you with?
How do you post journal entry for employee health insurance paid by employer?
debit employee health insurancecredit cash / bank
Is professional tax paid by employee refundable?
No its not refundable- Rafik
Is unemploymet tax paid by employer?
In most places yes, although the employee may have to contribute too.
What tax is paid equally by employer and employee?
The tax that is paid equally by both the employer and employee is the Federal Insurance Contributions Act (FICA) tax in the United States. This tax funds Social Security and Medicare programs, with each party contributing a set percentage of the employee's earnings. As of 2023, the Social Security tax rate is 6.2% for both the employer and employee, while the Medicare tax rate is 1.45% for each. Thus, the total FICA tax burden is shared equally between employers and employees.
Can an employer garnish a workers check because the employer over paid the employee and now wants the money back?
Not sure if it's a garnishment.The money was paid by mistake it doesn't "belong" to the employee.I would want to make sure the withholding was adjusted properly.
What is employment tax liability?
Employment tax liability arises from an employer and employee relationship. Part of this liability is deducted from the employee's salary and paid to the IRS, while another part is paid by the employer on behalf of an employee.
What is paid equally by employer and employee?
social insurance
Is fica paid equally by employer and employee?
Yes
Is rent paid by an employer considered taxable income?
Yes, rent paid by an employer is generally considered taxable income for the employee.
When an employee does personal business on a computer while he or she is at work what are they stealing?
The employee is essentially stealing wages from the employer because the employee is getting paid for not doing work for the employer.
Can an employer require an employee to pay for training which is required for their job?
Yes, they can. It is possible that the training expenses would be tax deductible. You would need to check with a tax professional regarding that aspect of course. Otherwise, payment should be made on a 60-40 or 50-50 basis where in 60% will be paid by your employer and the remaining is to be paid by the employee.
Can an employer deduct money from an employee's paid time off to donate to a charity if the charity is the employer?
Nah man
Why is the hourly cost of a labor for the business higher than the amount stated as wage paid to the employee?
The employers' hourly costs would include a pro rated share of any longer-term benefits paid on the employees' behalf, such as insurance, unpaid leave (which reduces employer efficiency). It would NOT include taxes deducted from employee paychecks, since those are costs to the employee, not the employer. You could include other employee-related costs, but they are not considered "wages", such as the cost of uniforms, travel on business, etc., but rather "business expenses".
Is an employer responsible for payroll taxes if the employee is paid less than 390.00 weekly Calif?
The employer needs to have them fill out a w-2 and then the taxes are taken out by the employer,paid to the iRs then the IRS decided what refund the employee gets or what they owe.No matter how much you pay them or they earn.
How do you post journal entry for employee health insurance paid by employer?
debit employee health insurancecredit cash / bank
Should an hourly employee get paid for professional development classes if they volunteered for the classes?
No Way! What kind of scam... Never mind. What I really mean is I am a developer. From my perspective unless you offered to pay them before hand I would say no. Usually if there is an incentive it is that the employer may offer to pay for the class not pay them hourly while taking it. What is next getting paid for dressing in the morning because the employer is the one who prefers dressed employees? Maybe one should get paid for eating lunch because the employer doesn't want the employee to die of starvation. Developing ones own skills is far more important to the employee than the employer, so why should the employer pay?
Is professional tax paid by employee refundable?
No its not refundable- Rafik
