debit payroll taxes
Credit cash
Debit accrued taxesCredit taxes payable
Social Security Taxes, FICA, and medicare are payroll taxes.
A individual taxpayer cannot deduct payroll taxes on the individual taxpayers income tax return.
1,700.00
Taxes. ;D
Debit payroll expenseCredit cashcredit federal tax payablecredit state tax payable
Debit accrued taxesCredit taxes payable
debit taxes expense and credit taxes payable
Debit - Payroll (Wages) - for the amount of the total gross wages. Debit - Payroll Tax Expense - for the amount of the EMPLOYER taxes. Credit - Cash
debit taxes expenses 352.16credit payroll taxes 198.4credit unemployment tax 19.84credit state unemployment 133.92
Banks have taxes.
Social Security Taxes, FICA, and medicare are payroll taxes.
Has this happened, or are you just curious? By law the payroll service has to pay the taxes to the government, that are with held.
There is no maximum refund. If you overpaid your federal taxes, you'll get a refund for the overpayment no matter how much it is.
A individual taxpayer cannot deduct payroll taxes on the individual taxpayers income tax return.
There are certain software that will teach you about payroll taxes. There are also sites that will give you information on what you need to know about what payroll taxes are and which types exist. More information can be found at http://www.payroll-taxes.com/.
1,700.00