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Questions tagged [payroll-taxes]

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.

2
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2answers
37 views

HSA payroll contributions and additional .9% medicare tax

HSA contributions through payroll deductions are generally exempt from FICA withholding. Does this apply to the additional .9% medicare tax for income > 200k? For example, after reaching 200k in W-2 ...
1
vote
1answer
90 views

How do I calculate annual salary in case of salary split in a single month?

I am building a payroll system. My problem is if the employee's salary changes twice or thrice in a same month. If the: 1st period is x 2nd period is y then can I say annual income from 1st period ...
0
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2answers
45 views

Payroll contributions vs. Extra withholding: which one takes precedence?

Suppose I choose to make pre-tax payroll contributions to my 401(k) and/or HSA, of an amount that takes up most of my paycheck. I also selected on my W-4 form to make an extra tax withholding per ...
0
votes
1answer
85 views

Will the IRS return some of the taxes imposed at a higher level than normal on a severance payment?

Say a former employer pays out a lump-sum severance, and say that payment has taxes withheld at a higher than normal rate. Will the difference between that tax amount and my regular payroll tax rate ...
2
votes
1answer
106 views

Backdating employment start date

Is it possible to officially backdate my employment start date with HMRC? I have been working part time for my current employer since April 2018 and I have just found out from my employer that he hasn'...
2
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0answers
64 views

Social Security and Medicare taxes not withheld [duplicate]

I have been working with same employer in the US since the start of H-1B in 2016. I just noticed that my W2 shows no SS and Medicare paid by employer. Since I applied for a change of status from F1 ...
9
votes
1answer
498 views

With regards to a national insurance refund, what is my Work or Clock number?

So i got a letter from hmrc (UK tax) letting me know I'm due for a refund, and on one of the bits I need to fill out it asks me for my "Work or Clock number" for each job I've had during the tax year. ...
8
votes
1answer
2k views

Wage difference in pay period for same weekly hours worked

If I get paid biweekly, but missed a pay period, so get a check for four weeks instead, should not my net simply be double what I normally get for 2 weeks? They increased my tax deductions, so that ...
2
votes
0answers
265 views

Paying FICA taxes that employer forgot to withhold

My visa status changed from F1 to H1B in 2017, but my employer forgot to withold FICA taxes for me since the visa status change. (I'm a full-time employee who received a W2, and am not an independent ...
1
vote
2answers
180 views

Is it possible to run a non-profit organization that performs typically for-profit work?

I am based in the US, and I really like the idea of starting a non-profit organization that I can use to do good in charitable areas that I would like to contribute to. Unfortunately, one of my only ...
2
votes
3answers
197 views

LLC-SCorp to self - actually, does the corp pay payroll taxes?

In the USA. Here are the two common scenarios for the self-employed: A. Joe makes 100,000 over the year. It's paid to him as 1099 payments from his various clients. Joe pays the many taxes on that. ...
2
votes
1answer
201 views

Layman explanation of Withholding Allowance tax form

Hopefully this doesn't violate any rules, but I was hoping someone could explain this Withholding Allowance form to me in layman terms: https://dch.georgia.gov/sites/dch.georgia.gov/files/...
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0answers
143 views

Which form to use, 1040 ES or 941, for one member S corp quarterly tax?

I am a contractor, and want to form an LLC and select being treated as S corp (by 2553 form). I read online about federal quarterly payroll tax using form 1040 ES, but this article suggested to use ...
1
vote
2answers
281 views

What tax scale will my paycheck use?

I get paid on 05-Jan-2018 for the period ending 31-Dec-2017. Will that check reflect the new tax laws, or the old? What if the pay period straddles the calendar year?
6
votes
1answer
1k views

Do I need to pay medicare/social security as full-time employee but with a business on the side of which I'm the sole owner/employee?

I'm working full-time for a company, but I also have my own mobile app business on the side. Do all the regular self-employment rules apply to me? I'd like to take the money I make from my side ...
5
votes
2answers
288 views

Do I have to pay Medicare and Social Security taxes if I just have a work permit and not yet a green card?

I applied for a Green Card late July 2017. I just received my work permit few weeks ago. During this time where I am in between status am I exempt from Social Security and Medicare taxes? When I had ...
1
vote
1answer
72 views

Do I need to pay myself a salary if I switch from S-Corp employee to shareholder mid-year?

The company in question is an S-Corp. From 1/1 through 7/31, I worked as a W-2 employee for the company. During that time, the company was owned by a single person, who held 100% of the shares. I ...
8
votes
1answer
279 views

Can I live in Spain under a French contract?

Since July, I'm working remotely from Spain for a French company under a French contract. I'm Spanish, I've never lived in France. All of the salary related taxes are payed to the French government. ...
4
votes
1answer
99 views

Is insurance compensation for lost wages taxable (in the U.S.)?

Recently I was involved in an automobile accident. I missed some time from work and now have to take time off to go to physical therapy. Injury coverage from the auto insurance is compensating me for ...
2
votes
1answer
159 views

W-4 withholding options limited according to ADP

My employer recently switched to ADP for payroll and I want to select 'Married, but withhold at the higher single rate' for my W-4. That option isn't available on their ADP portal. And according to ...
-2
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1answer
2k views

PayStub - What is Employee ID?

Would anyone be so kind to please explain what is Employee ID and where can I get this information online on my own? The term "on my own" means that I want to find this myself without asking/calling/...
0
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1answer
306 views

Several cents difference in the actual and calculated “Withholding Tax” values

I have decided to check/calculate my salary in a spreadsheet. All the numbers align correctly, except the federal Withholding Tax. I have tried to use the Schedule 15, and Schedule 15A (Tax year ...
1
vote
1answer
284 views

Will employer benefit from paying bonus to employee

I work for Company XYZ as consultant, but my work location is at client place as contractor. My employer that is Company XYZ, filed labor (LCA) for 100k, but as I work as contractor my pay depends on ...
1
vote
1answer
1k views

How to calculate Two-Earners Worksheet mid-year for W4

I've searched the internet for hours unable to find an answer to this question. My husband and I are adjusting our W4s now, several months into the year, to reflect that we got married. Because of ...
1
vote
1answer
383 views

Live in NY but work in California

Which state tax applies if your live in NY and work in California on a job that will be about 3 or 4 month long. Company is located in ILL. Will he pay NY taxes in the state he lives in?
8
votes
2answers
2k views

Why do I have to pay Medicare payroll deductions while I am retired if I am still working?

If I am retired for the last 5 years, and I have Medicare, why do I still have to pay Medicare payroll deductions if I continue working?
1
vote
0answers
52 views

US-EU dual citizen working for US non-profit while living in Ireland or UK?

I am a full-time, salaried employee for a US non-profit based in Virginia, where I currently reside. I have citizenship of the United States and now citizenship of Italy (by descent). My fiance (soon ...
52
votes
4answers
7k views

Payroll tax on wheat given as wages

We have a farm in the US, with an employee paid with wheat rather than money. He is an ordinary employee that receives a W2. My accountant said that we don't have to withhold income tax or pay either ...
4
votes
1answer
69 views

Should I include pre-tax deductions when filling out my W-4?

I have pre-tax IRA and HSA deductions taken from my paycheck. When filling out line 4 of the Deductions and Adjustments Worksheet on form W-4 should I include these amounts, or are pre-tax deductions ...
2
votes
1answer
117 views

Can I be employed as a permanent employee but be payed as a contractor (UK)?

A few years ago, I set up a limited company... Because I wanted to become a contractor. Because I want to work for myself with a steady source of income (long term). At the time of setting up the ...
5
votes
1answer
343 views

How do I calculate my W-4 deductions when I want to keep $145 more of each paycheck?

I am having a hard time figuring out how to add $145 to each check using my W4 form. My refund is usually pretty decent and I could really use half of that amount during the year instead, about $3500. ...
2
votes
0answers
805 views

I had payroll deductions taken post-tax instead of pre-tax. What should I do?

Due to a paperwork mixup of my own doing (incorrectly added her as a domestic partner), a year's worth of insurance premiums paid on behalf of my wife were deducted post-tax instead of pre-tax. The ...
1
vote
1answer
69 views

UK LLC dissolved but PAYE not closed - how to remedy?

I used to have a UK LLC which I dissolved as it ceased trading. I believe I informed HMRC about this and submitted final accounts and a CT600. However, I did not do anything about PAYE (I just ...
2
votes
3answers
10k views

Would I make more if paid weekly instead of monthly? [duplicate]

If my paycheck for my first week looked like this: Period Start 7/1/2016 Period End 7/31/2016 Total Hours 40 Net Pay $1,419.32 And, if my paycheck for my first month looked like this: Period ...
4
votes
1answer
95 views

Simple Tax Question Regarding Bonus Payment

I was recently inadvertently given two different bonus payments by my employer. Both had taxes, etc withheld. Now (as expected) I've received an email from HR "apologizing" and informing me that I ...
1
vote
2answers
406 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
votes
1answer
126 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
312 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
87 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
vote
1answer
480 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 ...
5
votes
3answers
1k 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
votes
2answers
3k 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 ...
-4
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
13k 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?
2
votes
1answer
404 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 ...
3
votes
3answers
2k 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
vote
0answers
111 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
1k 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
144 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 ...