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.

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3
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1answer
2k 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 ...
19
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5answers
54k 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% ...
2
votes
3answers
367 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
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1answer
285 views

Clarification on getting paid from a company which filed for Bankruptcy?

I work as an employee for a contracting firm which supplies IT labor resources for their (or) to another contracting firm's clients. As there is a 45 day holding period for the contract firm which i'...
12
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1answer
47k 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
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3answers
4k 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 ...
6
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6answers
1k 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
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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 ...
3
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2answers
276 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?
2
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1answer
2k 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 ...
0
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1answer
691 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 ...