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Income from unemployment is reported on your individual income tax return (Federal Form 1040). If you want/need to pay in towards what you expect to owe in federal income taxes on your unemployment income during the year, you can make estimated income tax payments on Forms 1040-ES. You do need to put your social security number, tax form number and tax year on your check, but you do not need to tell tham that it is for taxes on unemployment income. Do be careful to avoid penalties and interest for underpayment of taxes as the IRS generally prefers to get paid throughout the year, just as the rest of us do.
What else can I help you with?
Is Wages payable a liability?
Yes any payable is liability of business in this way wages payable is also liability.
Which liability account would hold the balance of wages due but not yet paid?
Wages payable account is shown under liability section for those wages which are due but not yet paid
Is wage a liability?
Yes any payable is liability of business in this way wages payable is also liability.
Should a wholly owned subsidary report its employees wages under the parent companys Federal Identification Number?
No. Each entity should have and report under its own EIN.
Can a creditor garnish your federal wages?
becuse was the wages
In accounting are wages considered liability or equity?
It is an asset.
Should wages on a W2 form match federal wages?
Yes, the wages reported on a W-2 form should match the federal wages for tax purposes.
Is wages expense a asset liability or owners equity?
neither
Are Accrued wages a current liability?
Accrued liabilities are a current liability if they are due within one year.
What is the purpose of doing the calculation Beginning salaries and wages payable PLUS Salaries and wages expense MINUS cash payments to employees EQUALS Ending salaries and wages payable?
The main purpose of this calculation is to find the salary and wages payable liability to show in the liability side of the balance sheet.
Can your federal wages be garnished?
Yes. Employment income from federal wages can be garnished for taxes, fines, or judgments if lawfully executed.
Can a judge garnish your wages in Texas?
No, only the federal government can garnish your wages.
