taxes deducted generally by a company directly from payroll as required by tax authorities. It is recommended that a country tag be used as rules vary from region to region.

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2answers
119 views

I am in a high paying summer internship in WA, but I feel I am being overtaxed [duplicate]

I am about halfway through a 3 month summer internship in Bellevue, WA. My pre-tax bi-monthly paychecks are ~$3000 (6k/mo). However, I pay ~$815 in taxes each paycheck. This comes to about 27% in ...
3
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1answer
113 views

Taxed by paycheck or salary?

My company is implementing a review/raise structure where everyone has their review over a 2 month period (July 1st - August 31st). Everyone then receives their raises on August 31st, backdated from ...
6
votes
3answers
241 views

Does an employee have the right to pay the federal and state taxes themselves instead of having employer doing it?

I was wondering if a W-2 employee has the option to tell their employer that they will pay their taxes instead of having the employer do it....
17
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1answer
1k views

How do payroll-deducted taxes get sent to the IRS?

What do employers do with the money they've withheld from you before they get sent in? Where do they deposit it?
0
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0answers
32 views

FICA TAXABILITY of EMPLOYER 401K MATCH for QUALIFIED and NON QUALIFIED plans

I want to ask about FICA taxability of employer QUALIFIED 401K plan MATCH, and FICA taxability of employer high comp NON-QUALIFIED 401K MATCH.I am NOT asking about federal and state income tax ...
1
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1answer
94 views

Employer withheld FICA tax and now issuing a W2c form. Is it needed for filing tax returns?

My employer withheld FICA taxes and generated a W-2 based on it. I see the error and report it to them. Now they are refunding the FICA taxes and will issue a W-2c. They tell me I can proceed and ...
4
votes
2answers
234 views

This is my pay stub. Am I paying too much?

I have decided to make this post on behalf of a close friend. He is a young professional working in San Francisco and making ~ 132K USD per year paid in biweekly fashion. Single and he doesn't own a ...
0
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2answers
188 views

Why my bi-weekly salary after taxes doesn't sum up my yearly income [duplicate]

I'm a little bit confused about my paycheck. We have an internal tool that helps me calculate my bi-weekly paycheck, the details are as follows... keep in mind that my F1 OPT status exempts me from ...
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votes
3answers
3k views

Opting my child out of SS taxes? [duplicate]

If I have a child and elect not to get him a social security number, will he still be required to pay social security taxes? I am a U.S. citizen, as is he. I'm trying to weigh the cost of not ...
3
votes
1answer
161 views

When are payroll taxes due in the US?

What are the rules surrounding when to make payroll tax payments for small businesses with 1 or 2 employees?
1
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1answer
79 views

How to set California DE4 allowances based on federal W4 allowances?

I need to set my federal and Calif payroll allowances to what they were 1/1/2015. My federal was 29 allowances. But I don't have record of Calif. Can I deduce my Calif allowances based on federal ...
1
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1answer
174 views

Computer-readable IRS tax tables

I'm looking for downloadable tax rate tables in an import-friendly format (CSV, TXT, XLS, XLSX, XML, etc.). I've searched the IRS website but can't find anything besides the PDFs. Ideally, there ...
1
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0answers
63 views

How can I calculate an employer 25% contribution for a solo 401k in advance?

My situation: I am the sole employee of an S-Corp. In 2016, based on a reliable contract, I can expect a gross of $80K. Typically, I have $2-3K in expenses. I'm under 50. Because of our overall ...
7
votes
1answer
957 views

Incorrect FICA withholding by my employer

During my hiring process a few months ago, there was an error in my information delivered to or at payroll. They had thought I was on a student visa and did not have to pay FICA taxes. So that portion ...
0
votes
1answer
77 views

US payroll / tax question for non US citizen/GC holder living abroad

History: i am an Australian & British dual citizen currently living in the US (NYC) I am have a G4 spousal visa with employment authorization [but could easily get a E3 if required]. I am ...
11
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1answer
726 views

Why might Social Security employee deductions from paycheck vary across pay periods?

What percentage of salary deducts for an employee's Social Security contribution? And why will there be a difference in % deducted? My salary statement for October and September 2015 has the same ...
1
vote
1answer
174 views

How much in CPP contributions do you pay when you are an independent contractor?

I am trying to figure out how much CPP contributions an IT contractor needs to make as per this CRA guide. It says that for self-employed people, we need to contribute $4959? So, if an independent ...
3
votes
1answer
66 views

Paying withholding taxes with cash instead of deduction

Assuming I want to direct more of my paycheck into 401k accounts (no outside contribution possible), is there a way to pay federal/state income tax, OASDI, and/or medicare taxes from my cash (non-...
2
votes
1answer
232 views

As a small business owner should I have a separate account for payroll? [closed]

Note: I'm currently using cash basis accounting. Just recently I've started using QuickBooks Online to keep track of my profit and loss as well as pay my employees. The problem I'm facing is that ...
3
votes
0answers
151 views

Non resident working for a UK company from abroad and receiving on UK account - taxable?

I have been living in UK for 1 year and working for an UK company for the past months. Then my visa expired and I returned to my home in Brazil. However me and that company intend to keep me working ...
6
votes
1answer
974 views

What happens If I Overpay Social Security Taxes?

Resource: Maximum social security tax income level for 2015. I work four jobs and just noticed on the second one, they're deducting social security taxes. The first job I work pays 99% of the ...
4
votes
1answer
139 views

Social Security contribution of a J1 visa holder leaving U.S. permanently?

I was a J1 visa holder (post-doc) in the US for 18 months and contributed to Social Security. Since I am not going back to the U.S. again, am I eligible to get the money back? Thanks and regards JMV
1
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2answers
1k views

How to report Canadian T4 slip items (e.g. CPP, EI) on a U.S. tax return?

I am a U.S. citizen resident in Canada. Does anyone know how to report the various items on a Canadian T4 (a rough equivalent of a W-2) on a U.S. tax return? I am not sure about the following items: ...
2
votes
1answer
101 views

What Percentage of my Income do I Have to Pay in Employment Insurance (EI) Deductions?

I am from Calgary, Alberta, and I am wondering how much % of my hourly wage will be paid to my EI (employment insurance). Is the percent rate different for every worker, if not, what is the fixed ...
3
votes
1answer
1k views

How should accounting software be categorized in terms of business expense?

I'm using online payroll software to manage payroll for employees and contractors. What category would the expense of this software fall under?
2
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1answer
132 views

Social Security and Medicare deductions/payments

Three hopefully simple questions about social security and medicare payments that are being deducted from my paycheck - I haven't been able to find much information about this online. Are these ...
5
votes
1answer
743 views

Recovering over-contribution to Social Security between two employers?

My wife changed jobs mid-year 2014 and her new employer took over $6K in Social Security tax withheld. Her first employer withheld over $5K making it a total of $11,298.98 in Social Security tax ...
2
votes
2answers
323 views

Remote jobs and incidental wage costs: What do I have to consider?

I`m living in Europe (Austria) and I am thinking about doing remote work for an US company as an employee or contractor (I don't have a work visa for the US). I'm trying to figure out how much I ...
1
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1answer
68 views

What quarter does a payment on the first of the month belong to? [closed]

We pay employees on the first of the month for a pay period from the 26th of two months ago to the 25th of the previous month. That means the period worked and the paydate often occur during ...
1
vote
1answer
208 views

Form 16 for 0 tax payee?

I have several questions regarding tax computation, Do we have 2 form 16 for a financial year? If his salary is below tax bar, will he get the form 16? If tax is paid for 3 quarter of a financial ...
0
votes
1answer
147 views

CA PIT / SDI and Federal taxes for our first employee

My LLC hired three months ago a part-time employee, and this is the situation: Pay Rate: $2,000.00 / month Pay Schedule: Twice a Month We're using Quickbooks to automatically send him the ...
0
votes
0answers
191 views

Live/Work in Illinois but do some work for NY company in Illinois

I reside and pay taxes in Illinois. I have a client that is based in NY. I do work for this client in Chicago, where I live. Employer deducts NY State Income tax. (I am a freelance actor, but this ...
1
vote
1answer
558 views

Live in Florida, but work 100% remotely for a Virginia company. Do I owe VA state income tax?

I am moving to Florida in a couple weeks. I will be working 100% remotely for a company that is based in Virginia. Will I still have to pay state income tax to Virginia? Do I have to notify my ...
1
vote
1answer
273 views

Does an employer pay payroll taxes on non-taxable wages like 401K matches? [duplicate]

In addition to what the employee would pay in income tax on taxable wages an employer also pays their own payroll taxes on all taxable wages like: FICA FUTA SDI SUI ETT Are these taxes due from ...
2
votes
1answer
229 views

What is the rationale for a separate “National Insurance” tax in the UK?

In the UK there's a type of income tax called "National Insurance", similar to regular income tax. http://www.hmrc.gov.uk/ni/ What is the rationale for having this separate income tax? How does it ...
1
vote
1answer
242 views

How many allowances on my W4?

According to the IRS's online calculator, I should write "EXEMPT". According to the W4 worksheet, I should write in 11. I want to pay the least taxes without owing at the end of the year. Here is my ...
8
votes
3answers
7k views

What is the purpose of Social Security and Medicare deductions from my paycheck?

Sorry, this might be a basic question, but I'm having trouble understanding this, so would like to ask here. I've recently started a full-time position, and I notice that two things are being ...
3
votes
1answer
909 views

Am I eligible for a refund of Social Security and Medicare taxes for when I was on an F-1 visa?

This question is for a friend. They came to the United States as a student in 2009 on OPT/F-1 visa. In November of 2011 they started to work for the Department of Defense as a teacher. They had Social ...
3
votes
1answer
142 views

Are United States Payroll taxes refunded?

Many US taxpayers have their withholdings refunded. But do refunds include payroll taxes? I found this page with the actual code, but frankly, it's hopelessly unintelligible enough that I'm still not ...
1
vote
0answers
180 views

For the purpose of filing taxes in Canada, is participating in ESPP considered to exercising stock options?

My tax professional and company payroll department are in a disagreement about what box on the T4 the taxable benefit of my ESPP should be included in. The payroll (Canadian office of a US based ...
0
votes
0answers
56 views

Adding expenses to sage payroll as tax free amount or on P11D

Hopefully this is the correct forum for this. I have some members of staff that are on Umbrella PAYE. This means they are able to have expenses removed from there original gross in order to then ...
5
votes
2answers
1k views

How does the Social Security Wage Base apply to employers?

This is a hypothetical question, but let's say a person has two W-2 positions at two different companies, where they make $60,000/year each. The Social Security Wage Base for 2014 is $117,000. So the ...
3
votes
2answers
137 views

How to pay N.I contributions when both employed and self-employed?

I make less than £6k a year from my self-employed work, and N.I is taken off my employment PAYE. Should I be paying N.I contributions for my self-employed work as well?
1
vote
1answer
5k views

Calculating payroll taxes & take-home pay: Is provincial income tax deducted from gross salary, or after federal taxes salary?

I am trying to calculate my paycheck for 2014. I used to use an online calculator but the one I used seems to be disabled now. So, I found the tax slabs for 2014 but its been a few years since I ...
0
votes
2answers
97 views

Payroll question

If finance person mistakenly submits wrong withholding for payroll, extra 200 taken out of my check can I ask the employer to reimburse me? The withholding exemptioms were wrong when submitted.
5
votes
1answer
139 views

Are the Social Security Tax and Medicare Tax on W-2 considered tax deductible?

Are either the Social Security Tax (Box 4) or Medicare Tax (Box 6) deductible? I don't see anywhere other than line 69 of 1040 (Excess Social Security Tax) that mentions either, so I don't think they ...
3
votes
1answer
4k views

When do I pay taxes if I'm self employed?

This is my first time paying/filing for taxes. Starting April 2013, I started getting paid as a part time independent contractor. When I get paid, nothing is withheld. I have no idea when to pay ...
4
votes
1answer
502 views

I am not a UK citizen. What happens to National Insurance I paid, when I go back to India? Can I claim any of it back?

I am an Indian citizen currently working in UK. I pay 11% of my salary to UK National Insurance in addition to the income tax. Can I claim any of it back when I go back to India?
5
votes
1answer
11k views

Why did my last paycheck of the year have a big decrease in Social Security taxes taken out?

My last check from my employer this year shows a 60% decrease in the amount taken out by social security (FICA-OASDI). Net result is a larger take home amount. Does anyone know why that would ...
13
votes
5answers
22k views

Is it normal to have 28.5% of various income taxes deducted from my paycheck?

I just got out of college, still live with the parents (saving up money) been employed for a year in the industry, and got a not bad starting salary. First check I received was shocking, to see 28.5% ...