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Withholding Taxes: How to Calculate Payroll Withholding Tax Using the Percentage Method There are multiple ways to calculate withholding taxes. One way is by using the Percentage Method. To begin using the Percentage Method, you must have the employees W-4 form. The employees W-4 form will outline how many allowances the employee is claiming. This information is always necessary when calculating withholding taxes. Your first step is to determine your payperiod, whether you are paying on a weekly, biweekly, or monthly basis. You will then multiply one withholding allowance for your payroll period by the number of allowances indicated on the employee's W-4 form. Next, you will subtract this amount from the employees wages. You will then go to Publication 15, pages 43-44 and use the Percentage Method Withholding Tables to determine the amount of withholding taxes for your employee. Please make sure that you are using the correct IRS table, the correct pay period section and the correct marital status column. All of these steps are outlined in the above video with two very detailed step by step examples.
Views: 121928 Karin Hutchinson

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The calculation of the federal income tax FIT is one to the most confusing payroll taxes for multiple reasons. One is that it is easy to get the federal income tax FIT payroll tax mixed up with the corporate federal income tax. FIT for payroll taxes is paid based on employee wages. The other reason Federal Income Tax withholdings FIT withholdings are are difficult is because they are based on a progressive tax, one where the rates increase as income increases. The progress income tax used for federal income tax FIT withholdings requires the use of tables to calculate the tax. To fine the proper withholding on the table we need the allowances, marital status, and pay periods. For more accounting information see website. http://accountinginstruction.info/courses/

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What is FICA and what exactly does Payroll Tax cover? How does a business owner or employee budget for the Payroll tax? What does it mean for employers and self employed business owners? What do the 2013 new Medicare taxes mean for employers? How should employers stay up to date on Federal and State employment taxes for employers?

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What Is the Payroll Tax Withholding on a Weekly Income?. Part of the series: Tips on Managing a Business. Payroll tax withholding on a weekly income is calculated in a very specific way. Learn about payroll tax withholding on a weekly income with help from a versatile business and financial consultant in this free video clip. Read more: http://www.ehow.com/video_12200755_payroll-tax-withholding-weekly-income.html
Views: 223 ehowfinance

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An Easy Overview Of Payroll Taxes
Views: 2718 Christopher Hunt

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Tutorial for calculating payroll taxes and deductions in Canada. Includes instructions on how to use the free HelpSME.com payroll calculator. Download it at: http://helpsme.com/tools/free-canadian-payroll-tax-deductions-calculator
Views: 54100 HelpSMEvideo

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2012, 2013 Payroll Tax Rates http://www.harborfinancialonline.com
Views: 15609 HarborFinancial

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Views: 1905967 CNBC

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Federal unemployment tax or FUTA is a payroll tax that is paid by the employer only. In other words the payroll tax is based on employee wages but is not withheld from employee pay but taken form the employer. Employer only payroll taxes are often less understood because most people have less experience with them as employees. FUTA payroll tax can also be confusing because it has a low cap of \$7,000 at this time. In other words the employer pays FUTA tax on the first \$7,000 of each employee earning and then stops paying FUTA after the employee has reached the 7,000 cap. The other confusing thing about FUTA is that the rate is tied to Statue Unemployment Tax or SUTA. In other words, the FUTA tax rate is less if the state has SUTA that the employer must pay. Just about every state does have SUTS so companies generally pay the lower FUTA rate. The FUTA tax is a kind of flat tax, or even rate up to the 7,000 cap. For more accounting information see website. http://accountinginstruction.info/courses/

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Welcome to 2018 Payroll in Excel - What's happening to my Paycheck edition! The video shows a Semi-Monthly Payer paycheck and withholding formulas. A Weekly Version coming soon. visit http://www.kenbraverman.com/payroll-in-excel-2018-whats-going-on-with-my-paycheck/
Views: 10835 Ken Braverman

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omputing payroll taxes Employee taxes When employers pay employees, they are required to withhold the employees taxes. The rates and limits for these taxes change with new laws. For this problem, assume the withholding amounts include the following: withholding for the old age portion of FICA taxes = 6.2%, up until the employee reaches ,100 of compensation for the calendar year. After that the rate goes to\u00a0\u00a0 zero. withholding for the medicare portion of FICA taxes = 1.45% of all compensation federal income taxes = 10% of compensation (in reality this amount will vary by person depending the W-4 exemptions they claim and the tax bracket for the wage) state income taxes = 0% for this problem At the point of withholding, the amount is a trust fund liability to the federal and state governments. Employer taxes In addition, employers also pay taxes on compensation. Employers (at this time) owe the same amount as employees for both kinds of FICA taxes. The limits are also the same. Further, employers pay taxes for unemployment compensation at the state and federa level. For this problem, assume the following : State unemployment compensation taxes = 1% on the first ,000 of wages for the calendar year Federal unemployment compensation taxes = .8% on the first ,000 of wages for the calendar year Please compute the employee and employer payroll taxes for Otis Company. Record the payroll expense for September. Record the payroll tax liabilities for September. Then record the payment of those taxes at the end of the month. Use Excel forumlas to help you compute amount
Views: 2 er fd

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As a small business owner, you must withhold payroll taxes to avoid fines and penalties, but what exactly are these payroll taxes? Watch this video to learn about federal income taxes, employment taxes (Social Security and Medicare) along with state and local payroll taxes. You'll also find current FICA tax rates. For more information, visit: http://www.surepayroll.com/online-payroll/payroll-withholding.asp
Views: 1069 SurePayroll Inc.

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People often think QuickBooks updates all of the Payroll Taxes automatically. You have to manually change two of the state taxes in California every year! SUI & ETT. Join my Quarterly and Year End Forms Course and learn how to process: 941, 940, DE9, DE9C, W2's, W3, 1099-misc & 1096. Click here to join and for more details: QBO: https://canduskampfer.com/YearEndFormsQBO Desktop: https://canduskampfer.com/YearEndTaxForms Need help with QuickBooks, setup an appointment here: https://canduskampfer.com/strategy-session/ Interested in the upcoming Webinars: https://canduskampfer.com/webinar-waiting-list For more tips and Tricks visit: http://CandusKampfer.com Have a great day!!!
Views: 4106 Candus Kampfer

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Want to learn E-Pay instead: https://canduskampfer.com/epay-to-pay-payroll-taxes-in-quickbooks/ Join my Quarterly and Year End Forms Course and learn how to process: 941, 940, DE9, DE9C, W2's, W3, 1099-misc & 1096. Click here to join and for more details: QBO: https://canduskampfer.com/YearEndFormsQBO Desktop: https://canduskampfer.com/YearEndTaxForms Don't miss a tip, Join my Tips & Tricks: https://CandusKampfer.com/tips Candus' Free Mini Course: https://canduskampfer.com/minicourse/ Find out how to Join my QuickBooks Simplified Community: http://quickbookssimplified.com Are you new to QuickBooks or are you struggling to figure out the software? Would you love a course that is step by step vs searching for each answer and trying to figure it all out on your own? I would like to share with you my course called Confidence with QuickBooks. Everyone who has taken the course loves it. For more details visit: http://ConfidenceWithQuickBooks.com If you need help with QuickBooks, set up an appointment here: https://canduskampfer.com/private-sessions-with-candus/ Click here to be notified of upcoming Webinars & Workshops: https://canduskampfer.com/webinar-wai... Learn how to process: 941, 940, DE9, DE9C, W2's, W3, 1099-misc & 1096. Click here to join and for more details: https://canduskampfer.com/quarterly-and-year-end-forms-cou Have a great day! Candus :)
Views: 36096 Candus Kampfer

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Views: 60439 Susan Daley

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Tracking employee movement across state and country boundaries presents many challenges to payroll departments and can open employers up to compliance risks. Access this free report (link below) and gain insights on employers’ payroll tax practices related to mobile, domestic and foreign, nonresident employees working temporarily within the U.S. You can access the 2017 webcast slide deck (link below) for more highlights of the 2016 survey. Free Report: https://www.bna.com/2016-multistate-payroll-m57982083947/ 2017 Webcast Slide Deck: http://rsvp.ey.com/CSG3/2015/1503/1503-1425204/GetOnBoard/Multistate%20tax%20compliance-getting%20to%20the%20source%20-%20June%2021,%202017.pdf
Views: 153 Bloomberg BNA

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Views: 12192 CPA Strength

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Social security tax calculations focusing on the employee side for social security. We will calculate social security in the payroll register. Social security is closer to a flat tax in that we have a fixed rate we multiply time wages. Social security does a cap however, meaning we stop calculating social security taxes after an employee has reached the cap. Social security has an employee and employer portion. For more accounting information see accounting instruction website. http://accountinginstruction.info/courses/

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http://banksconsultancy.com.au [Tidbit of the Day] Today we'll discover payroll tax calculations. Watch the video to find out... ------------ Video Highlights: 0:08 - Tidbit of the day 0:18 - Payroll tax threshold - payroll tax rate of 5.45% 0:29 - Monthly threshold calculation - no. of days/month divided by no. of days/year multiplied by threshold ------------ Watch this video on Youtube: http://www.youtube.com/watch?v=_Vh6ar9ezvo Leave a comment about this video and remember to subscribe to our channel! ------------- Be sure to like us on Facebook as well: http://facebook.com/banksconsultancy
Views: 59 Banks Consultancy

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This video from http://www.TaxTV.com explains how to calculate payroll tax for Federal purposes and in the state of California.
Views: 9193 WatchTaxTV

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Views: 1867 cpamomsirvine

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Medicare is a type of payroll tax that employers need to calculate when processing payroll Medicare has both an employee and employer portion. In other words, employers will need to deduct Medicare taxes from employee wages when calculating net wages. The rate is currently 1.45% of gross wages. Unlike social security Medicare does not have an upper cap where taxes stop being calculated on wages. The employer will also have to pay 1.45% out of business profits as well. For more accounting information see accounting website. http://accountinginstruction.info/

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Rep. James Lankford (R-OK) says the conference committee needs to reach a solution to finalize the payroll tax rate and he mentioned Chad Richison, CEO of Paycom, who has said that unpredictably in the tax code is hurting businesses. (February 9, 2012)
Views: 316 RepLankford

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We've been talking about the unavoidables recently. Last time, we covered Death. This time, it's taxes. So, what are taxes? Why do we pay taxes? What is all that tax money used for? This week, Adriene is going to cover all that and more. We'll talk about types of taxes, progressive and regressive taxes, tax brackets, and we'll even get into a few historical scenarios where bad tax policy led to revolutions. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 616420 CrashCourse

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This goes over U.S payroll and the 2019 tax changes.

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Video 3 in the End of Financial Year Tips and Tricks series.

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January 13th, 2013... We discuss Football hysteria, Fiscal Cliffs and lifestyle under Austerity, the trillion dollar platinum coin solution and state tyranny, Bronchitis, Influenza, antibiotics and the pharmaceutical industry; The [masturbation] Capitol of the United States: Washington D.C., Circumcision, Cunnilingus, Analingus, The political repression of Anarchist grand jury resisters in Washington state, Megachurches ... and a contest you, The New Low listener, can participate in!
Views: 290 TheNewLowNewsShow

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Recorded with https://www.cam-recorder.com

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Views: 200049 Money and Life TV

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http://www.taxproblem.org/payroll-tax.html Do You Need Help With A IRS Payroll Tax Problem? Contact Joe Mastriano CPA for help or get valuable free information on his website. CALL US AT 713-774-4467 END 1. Tax Relief Scams Exposed - Don't Be Another Victim. Research Before You Hire a Tax Relief Firm. 2. IRS Help Now - Former IRS Agent-A+ Rating | 3. Back Tax Problems Help? | I solve your back tax problems. CPA ex-IRS providing tax relief for you Search Results 1. Payroll tax - Wikipedia, the free encyclopedia In the United States, payroll taxes are assessed by the federal government, all fifty states, the District of Columbia, and numerous cities. ... Withholding tax - Federal Insurance Contributions Act tax 2. Paycheck Calculators | Online Payroll Calculators | Paycheck City Payroll Taxes. Payroll Talk Forum. P. web-based paycheck calculators. subscribe. calculators • standard • salary paycheck • hourly paycheck ... You visited this page. 3. Payroll Taxes | Homepage | Looking for payroll taxes information? Visit Payroll- today for the latest resources on state tax, federal tax, income tax and more. Glossary - State Taxes - Federal tax - Links 4. Payroll Taxes: Basic Information for All Employers Payroll taxes are the responsiblity of every employer. Find essential information on how to report payroll taxes. 5. What Are Payroll Taxes? | -Information about payroll Taxes including FICA, social secuity tax, SUTA taxes, FUTA tax, and medicare taxes. 6. Overview - Payroll Taxes 2011 Publication 15 File Format: PDF/Adobe Acrobat Dec 29, 2010 -- "payroll taxes" (referred to in this publication as "employ- are arranged as follows: 00-0000000. It is used to identify ... 7. FICA & SECA Tax Rates Tax rates for each Social Security trust fund • Maximum taxable earnings. Social Security's Old-Age, Survivors, and Disability Insurance (OASDI) program and ... 8. Payroll Taxes - If you have employees you probably also have payroll tax and reporting obligations such unemployment insurance and income tax withholding. 9. #1 Payroll Provider: And ayroll software products and online payroll services keep track of your federal and state payroll taxes for you! As part of the service, ... delinquent payroll tax, delinquent payroll taxes, federal payroll tax, federal payroll taxes, help unpaid tax return, help unpaid taxes, unpaid tax return, unpaid tax returns
Views: 188 Joe Mastriano

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PowerChurch Plus allows you to maintain the tax tables in Payroll any time there is a change from the government. This tutorial walks through the process of editing your tax tables.
Views: 743 PowerChurchSoftware

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This tutorial was created for the Workplace Math course (MEL3E) in the province of Ontario, Canada. This video introduces the concept of getting paid by an hourly rate and how to calculate overtime pay as well.
Views: 16871 AlRichards314

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Calfulate payroll taxes, deductions, prepare and print paychecks and paystubs for free
Views: 32510 20114087125885

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Views: 10420 Turn Key Doc

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Views: 1241 Revenue OfficesAU

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A look at employer payroll threshold calculations for FICA Social Security, FUTA and SUTA
Views: 813 Christy Lynch

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Views: 9567 Not Even French

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See a demonstration of how to do a paycheck checkup using the IRS Withholding Calculator. To give it a try yourself, go to https://www.irs.gov/withholding #PaycheckCheckup #TaxReform #IRS
Views: 9986 IRSvideos

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Payroll Software Ever wonder if your pay check withholding tax is correct? Are the deductions and withholding too much or too little? Payroll© makes it easy to calculate & track your weekly or biweekly pay checks. Enter the hours worked as well as overtime, holiday, sick leave, and other pay categories, then Payroll© applies the withholding tax rates for federal tax, state tax, and city tax or non-city resident based on your exemptions claimed and marital status. Vary your K-plan deduction to see what percentage is right for you. Check medicare, SDI, SUI, Cafeteria Plan and social security payments. A year to date printout shows your week by week earnings. Export to Excel. Prints checks. Prints pay period report. Very simple to use.
Views: 10388 Breaktru Software

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http://irshelpchicago.com/taxhelp/payroll-tax-problem-chicago-unpaid-payroll-taxes/ If you have unpaid payroll taxes which you've withheld from your employee's paychecks but have not deposited...this serious problem only gets worse when you consider the penalties assessed by the IRS. There is a time sensitive four-tier penalty system for late deposits. These are known as cascading penalties because the later the payment, the bigger the penalty. The penalty rate assessed depends on the number of days a deposit is late starting from the due date of the tax. For instance, a payment that is less than 5 days late will have a 2 percent penalty. More than 15 days and the penalty jumps up to 10 percent. Once the IRS has to ask you for the payment, the penalty jumps to 15 percent. If you are currently behind on your payroll tax payments, we can help. We can make sure your payments are applied in a way that will get you caught up and minimize your penalty. Go To www.IRShelpChicago.com or Call us at at (312) 664-6649 to schedule a free hour-long consultation with our experience tax professionals. http://www.youtube.com/watch?v=vBzLxaFNfDo
Views: 395 Chicago IRS Help

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Source: https://www.spreaker.com/user/9460626/its-2018-have-you-filled-out-a-new-w-4-f It is 2018 and tax rates have changed for Payroll, fill out a new W-2. Also, other new tax issues.
Views: 256 Michael Lodge

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Using Excel to setup Payroll and Other Deductions.
Views: 10344 Shannan Thompson

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https://turbotax.intuit.com As an entrepreneur, you probably realize that there are some business expenses you just can't control -- like the payroll taxes you have to pay for yourself and each person you employ. Watch this video to find out more about payroll taxes and how they may affect your business. TurboTax Home: https://turbotax.intuit.com TurboTax Support: https://ttlc.intuit.com/ TurboTax Blog: http://blog.turbotax.intuit.com TurboTax Twitter: https://twitter.com/turbotax TurboTax Facebook: https://www.facebook.com/TurboTax TurboTax Pinterest: https://www.pinterest.com/turbotax/ TurboTax Tumblr: http://turbotax.tumblr.com/
Views: 3229 TurboTax

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get latest and short Explanation of the IRS Payroll Tax 2012 -2013 from here. http://www.onlinetaxinformation.com/ Here we also provide news about tax deductions, rates and brackets. http://onlinetaxinformation.com/category/tax-refund/ Payroll taxes cost employers plenty. After all, it isn't only the amounts of Social Security, Medicare and federal unemployment taxes to be paid that are involved.
Views: 102 Ashley Thomas