The tag has no wiki summary.

learn more… | top users | synonyms

4
votes
1answer
44 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
73 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
77 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
33 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 ...
4
votes
2answers
64 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
1answer
72 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
488 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
82 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
78 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 ...
2
votes
1answer
1k 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
131 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?
2
votes
1answer
571 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 ...
7
votes
3answers
1k 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% ...
4
votes
2answers
203 views

What accounts for the “average” FICA payroll tax paid not being close to its 15.3% theoretical maximum?

This is a question regarding the social insurance tax in the U.S. The effective payroll tax cited by the Congressional Budget Office as well as the Tax Policy Center is lower than I would expect for ...
4
votes
1answer
1k views

How to pay myself as a single person corporation in Ontario? Should I get an accountant?

I'm an IT contractor and required in some of my contracts to have a corporation. I created my corporation, opened a corporate account and have been collecting income for about 6 months now... ... I ...
2
votes
2answers
76 views

Filling out our W4 correctly

So we recently got married and now I'm trying to figure out our W4. I make 77k a year and she's around 68k a year. Her stub shows Single-0 and mine is Married-1. I read through a bunch of articles and ...
3
votes
5answers
28k views

How do I calculate net monthly salary (after taxes) in Germany?

If I were to say that my yearly, gross salary was 50,000 euros, then what would be my monthly net after-tax income? For example, this calculator looks OK to me: ...
4
votes
3answers
317 views

Why are US taxes taken out as if spread over the year instead of as due?

{Note - I am going to simplify the numbers below since the US tax code is, well, complicated} Given the following tax rates: 1..12000 10% 12001..24000 15% 24001..36000 20% 36000 and up ...
4
votes
1answer
92 views

What is the “payroll tax cut” as mentioned in the news recently?

Today I was watching news and I heard about a "payroll tax cut." They were talking about a 2 month extension of something being passed, but they wanted to pass a 1 year extension. Can someone please ...