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What is the FICA withholding rate for 2011?
what is the FICA rate for 2011
FICA taxes are a deduction from employee earnings and are also imposed upon employers as an expense?
Yes that is correct.
What is the frequency of FICA and witholding depends on the amount taxes are due?
frequency of fica payments
is their an age limit on who pays fica taxes?
is there an age limit on who pays fica taxes
Can a corporation deduct its matching fica taxes?
Yes, a corporation can deduct its matching FICA taxes as a business expense on its tax return. The FICA taxes, which include Social Security and Medicare taxes, are considered payroll taxes, and the employer's portion is deductible. This deduction helps reduce the corporation's taxable income, ultimately lowering its overall tax liability.
Accounting journal entries for payment of FICA?
Debit FICA Tax payable Credit Cash / bank
What is the FICA withholding rate for 2011?
what is the FICA rate for 2011
Who pays FICA taxes?
employers pay the fica tax
FICA taxes are a deduction from employee earnings and are also imposed upon employers as an expense?
Yes that is correct.
What are two of programs that FICA funds?
Social Security and Medicare are funded by FICA
What is the frequency of FICA and witholding depends on the amount taxes are due?
frequency of fica payments
If employee is exempt from FICA is employer also exempt from contributing to FICA for that employee?
Yes.
What is a purpose of a fica tax?
The fica is taken out of your paychecks and added to the Social Security fund.
is their an age limit on who pays fica taxes?
is there an age limit on who pays fica taxes
Is fica taken out on short term disability?
why wasn't fica taken out of std checks
Do you pay FICA on 401k distributions?
No, you do not pay FICA taxes on 401(k) distributions.
Do you pay FICA on 401k withdrawals?
No, you do not pay FICA taxes on 401(k) withdrawals.
