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What else can I help you with?
Do you have to file unemployment taxes this year?
If you got unemployment in 2012 you do have to file taxes if you didn't have the taxes taken out of the unemployment you received.
I live in Ohio. How do I get my unemployment tax withholding information so I can file my 2008 taxes?
Doesn't matter where you live, the information is on your W-2. However, it isn't withholding, its a premium payment. More however, it really doesn't make any difference to your Federal return. If your not an employee and on a 1099 you don't have UI coveage and paid nothing. You need your W-2 or 1099s to file for many other reasons.
How do you journalize the entry to record accrual of payroll taxes 198.40 FICA taxes 19.84 federal unemployment taxes and 133.92 for state unemployment taxes?
debit taxes expenses 352.16credit payroll taxes 198.4credit unemployment tax 19.84credit state unemployment 133.92
Am I subject to backup withholding of federal taxes?
You may be subject to backup withholding of federal taxes if you fail to provide your correct taxpayer identification number (TIN) or if the IRS notifies you that you are subject to backup withholding.
How to adjust withholding for taxes?
To adjust withholding for taxes, you can submit a new W-4 form to your employer. This form allows you to specify the amount of taxes you want withheld from your paycheck. You can increase or decrease the withholding based on your tax situation to ensure you are paying the right amount of taxes throughout the year.
Withholding?
How much is being taken out of your paycheck in taxes
what taxes do I have to deduct and pay for a part time employee?
According to the IRS website, several taxes must be withheld (unless your employee is an independent contractor). If the employee is an independent contractor you must fill out form SS-8, determination of worker status, which can be found on the IRS website. If not, then the employee is responsible for paying Federal income tax withholding, Social Security and Medicare taxes and Federal unemployment taxes (FUTA). More information can be found at irs.gov/newsroom.
How much taxes do you owe on 6000.00 of unemployement?
The amount of taxes owed on $6,000 of unemployment benefits depends on your total taxable income, filing status, and tax bracket. Unemployment benefits are generally considered taxable income, so you'll need to include them when calculating your total income for the year. You may also have federal and state taxes withheld from your unemployment payments if you opted for withholding. It's advisable to consult a tax professional or use tax software to determine your exact tax liability.
What payroll deductions are required by law?
While all payroll deductions are not required by law some that are commonplace for all working employees in the US include federal withholding, state taxes, social security, Medicare, and other local taxes such as disability, unemployment, and city or county taxes as required within your locality.
When is a new employee liable for unemployment taxes?
He's not. The employer is the one who pays the state unemployment taxes.
What does withholding meant and why does your employer withhold funds from your paycheck?
Withholding means that employer is taking funds out of the check for taxes.
Withholding tax on lump sum distributions?
For a non qualified pension plan it is required a 20% (for federal taxes) withholding for taxes and X% for State, depending on the State you live.
