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Topic: Payroll taxes

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	Payroll Taxes
		If income taxes are withheld from an employee’s regular wages, income taxes can be withheld from his/her supplemental wages: at 28 percent of each payment of supplemental wages; or by adding the supplemental and regular wages for the recent payroll period.
		The tax rate on Medicare is 1.45 percent for both the employer and the employee (a total of 2.9 percent).
		Payroll taxes must be filed on a quarterly, monthly, or weekly basis depending on the amount of taxes paid in the previous 12-month period.
	www.ext.colostate.edu /pubs/consumer/09162.html (1309 words)

	Why payroll taxes are income taxes
		The long-term impact of payroll tax on employment is very similar to that of other broad-based taxes such as personal income tax and a value added tax.
		Payroll taxes are not similar to so-called consumption taxes: and they can be no more passed on in the form of higher prices than can taxes on profits.
		Strangely enough, some economists cannot accept the logical conclusion that payroll taxes are also part of labour’s wage on the perverse grounds that, unlike superannuation, labour does not benefit directly from payroll* taxes.
	www.brookesnews.com /050711payrolltaxes.html (1054 words)

	CBOPage (Site not responding. Last check: 2007-11-05)
		Most payroll companies state on their agreements that they are responsible for any interest and penalties that incur as a result of their error.
		Fortunately, payroll company theft is extremely rare, but if the company is bonded, you are likely to be protected against certain losses if they run off with your payroll, or don’t pay your taxes.
		A payroll company must enter into the computer all employee data, tax account data, bank account data and your complete payroll and payroll tax data for an entire calendar year-to-date in order to run your first payroll.
	www.sunpayroll.com /CBOpage.html (2202 words)

	Payroll tax - Wikipedia, the free encyclopedia
		In Australia, the Payroll Tax is a specific tax which is paid to the individual states and territories by employers not employees.
		In the United Kingdom, Income tax for employees and Employees' National Insurance contributions are examples of the first kind of payroll tax, while Employers' National Insurance contributions are an example of the second kind of payroll tax.
		The Medicare tax rate is 2.9% for the employee and the employer.
	en.wikipedia.org /wiki/Payroll_tax (668 words)

	CCH Business Owner's Toolkit \| Your Payroll Tax Obligations
		As you're now aware, your employer was withholding from your check the various taxes that you, as a wage earner, had to pay.
		Among the issues we'll examine are the distinction between employees and independent contractors and the potential tax benefits in hiring your children.
		Payroll tax returns and payments informs you of the dates you should have marked on your calendar, and discusses the forms and procedures you must use in paying your taxes.
	www.toolkit.cch.com /text/P07_1000.asp (522 words)

	Scharf Pera & Co. PLLC - Payroll Taxes
		For tax purposes, these individuals are classified as either "independent contractors" or "employees." The classification is an important one and is based on all relevant facts and circumstances.
		The Social Security tax is 12.4% of gross wages (6.2% withheld from the employee’s pay; 6.2% paid by the employer) and the Medicare tax is 2.9% of gross wages (1.45% withheld from the employee’s pay; 1.45% paid by the employer).
		Aside from payroll tax reporting to the IRS and the state, North Carolina employers are also required to submit a report to the North Carolina New Hire Reporting Program shortly after a new employee is hired.
	www.scharfpera.com /payrollTaxes.htm (908 words)

	Payroll Taxes and the Redistribution of Income
		The total OASDI portion of the FICA tax is equal to 12.4 percent of the first $65,400 of wages and the HI tax is equal to 2.9 percent of total wages.
		Thus payroll taxes cannot be viewed in isolation, but must instead be viewed in the lifetime context of tax payments and retirement benefits.
		Economists generally agree that the entire burden of the employer's share of the payroll tax is ultimately shifted to workers in the form of lower wages.
	www.house.gov /jec/fiscal/tx-grwth/payroll/payroll.htm (2176 words)

	Payroll Taxes Have Risen The Most (Site not responding. Last check: 2007-11-05)
		Taxes are taking a bigger bite out of Americans' incomes than a generation ago.
		But the greatest proportionate increase has been in payroll taxes for Social Security and Medicare, which have more than doubled as a share of GDP from less than 4 percent in 1965 to more than 8 percent today.
		Washington now collects about as much from payroll taxes as from the income tax; whereas 30 years ago payroll tax revenues were just half that of income taxes.
	www.ncpa.org /pi/taxes/pdtx79.html (316 words)

	Payroll Taxes
		Payroll Taxes are a complicated subject, but I will do my best to present this information in a concise way.
		These taxes, with the exception of Medicare tax, are limited to a certain amount of wages.
		Your state unemployment tax rate is determined by the number of claims for unemployment benefits your past employees have made.
	www.taxmantom.com /payroll_taxes.htm (1158 words)

	Payroll Taxes - TaxHelpers.com
		The amount of the penalty imposed by the statute for failure to comply with its provisions is measured by the payroll taxes required to be collected or collected and not paid over.
		When a corporation fails to pay payroll taxes, the IRS may proceed against the persons responsible for the nonpayment of such payroll taxes.
		The key to liability for payroll taxes under Section 6672 is control of finances within the employer corporation: the power to control the decision-making process by which the employer corporation allocates funds to other creditors in preference to its withholding payroll taxes obligations.
	www.taxhelpers.com /payroll-tax-problems.html (521 words)

	Payroll Taxes
		Remember that wages are "earned income" and as such are subject to employment taxes, whereas trading profits and the distributions of them to you as a "dividend" or "withdrawal" are generally not subject to payroll taxes.
		State withholding taxes, Unemployment Fund taxes, Disability Insurance taxes, Workmans' Compensation and other fees and taxes are applicable once you have employees and annual form W-2 is issued to them (which can sometimes include yourself) These fees and taxes are generally assessed based on where the employees' services where performed (mandatory filing).
		Withholding taxes are generally credited to the employee ratably over the 12 months of the year, even if the withholding and remittance is made at the end of the year.
	www.traderstatus.com /payrolltaxes.htm (389 words)

	Protect The Church - Payroll Taxes (Site not responding. Last check: 2007-11-05)
		The only taxes that churches are generally exempt from paying are federal and state income taxes on their profits, some employer-paid payroll taxes such as Unemployment and the Employment Training Tax (ETT), and property taxes on worship facilities.
		Employees are given a credit against their tax liability for taxes withheld whether the employer remits the funds to the government or not.
		Most outside payroll service providers disclaim any liability for withholding and paying the correct taxes; instead, they only claim responsibility for properly following the churches’ instructions regarding what to withhold and making sure that all payroll tax returns are processed in a timely manner.
	www.protectthechurch.com /cpaarticle1.html (914 words)

	The Conservative Case for Cutting Payroll Taxes (Site not responding. Last check: 2007-11-05)
		It's true that we cut income taxes during the 1980s, but most of the money people saved was eaten away by the 22 percent increase in payroll taxes.
		The maximum combined payroll tax for a one-earner family is now over $6,000 a year.
		In effect, the payroll tax is an excise tax on labor.
	www.heritage.org /Research/Taxes/HL240.cfm (1706 words)

	Taos Business Kit, Payroll Taxes
		If supplemental wages--such as bonuses, commissions, overtime pay--are included in the same payment with regular wages, tax to be withheld is determined as if the total of the supplemental and regular wages were a single payment for the regular payroll period.
		A continuing requirement exists for employers to submit, with their quarterly payroll tax returns, a copy of any W-4 Form on which an employee is claiming an equivalent of 10 or more withholding exemptions.
		The payroll tax requirements and the work related to compliance are quite cumbersome and complicated.
	www.taoscpa.com /payroll_taxes.html (1304 words)

	What are Payroll Taxes
		Payroll taxes are the state and federal taxes that you, as an employer, are required to withhold and/or to pay on behalf of your employees.
		You are required to withhold 6.2% of an employee's wages for social security taxes and to pay a matching amount in social security taxes until the employee reaches the wage base for the year.
		Generally, your SUTA tax rate is based on the amount of unemployment claims that are filed by employees that you have terminated.
	www.alllaw.com /articles/tax/article5.asp (533 words)

	California Tax Information Center - Payroll Taxes
		July 17 - DE 88 Monthly depositors: Employer’s Payroll* Tax Deposit (DE 88) coupon and payment for the tax due for wages paid in June.
		DE 88 Quarterly depositors: Employer’s Payroll* Tax Deposit (DE 88) coupon and payment for the tax due for second quarter wages.
		July 31 - Employer's Quarterly Tax Return Form 941: If you are an employer who is required to withhold income or social security and Medicare taxes, you must file a return reporting the amounts withheld.
	www.taxes.ca.gov /small_Business/sb_cal/jul_pyrl.html (270 words)

	Selecting A Payroll Service Provider
		This means that they move tax liabilities, along with payroll amounts, from your account to theirs prior to due dates.
		Nothing in your relationship with a payroll service provider is more critical then when, how and why you communicate with them regarding regular payroll input, changes, last minute fixes and more.
		If a firm's only business is payroll, make sure to check the number of clients it supports and look for payroll service providers who have been in business for some time.
	www.payrollfinders.com /selecting.htm (1475 words)

	Payroll Taxes
		Once the IRS has determined the business cannot pay its past due payroll taxes, they then turn their sights on the individuals who they believe are responsible.
		These taxes are called trust fund taxes because you actually hold the employee's money in trust until you make a federal tax deposit in that amount.
		For collected taxes, the penalty is based on the unpaid amount of collected excise taxes.
	www.irs-tax-debt-relief-offer-in-compromise.com /payroll_taxes.htm (710 words)

	U.Va. Human Resources: Policies
		If employees need tax assistance, they should contact the IRS or seek their own tax or legal counsel.
		The W-4 Form is used to claim withholding for federal income tax.
		As an employer, the University is required to withhold income taxes from an employee's paycheck according to the employee's W-4 and VA-4 forms.
	www.hrs.virginia.edu /Policies/payroll/taxes.html (854 words)

	Student Homepage
		Payroll taxes include the Social Security tax and the Medicare tax.
		The Medicare tax is used to provide medical benefits for certain individuals when they reach age 65.
		Learn how payroll taxes are collected and used as well as how federal income taxes are used.
	www.irs.gov /app/understandingTaxes/servlet/IM01rp (282 words)

	Payroll Setup - Taxes (Site not responding. Last check: 2007-11-05)
		When you add employees, any Tax factor with this option turned on is automatically assigned to all employees, although you can delete it or configure it manually for employees to whom the Tax does not apply.
		For Taxes factors (for example, US FIT) that are common to most employees in the company, turn on the "Auto assign" option.
		After you post Payroll, the amount shown in this field should be the amount you owe the remittance vendor for this Tax when you prepare a Remittance Check.
	www.hilbertsoft.com /C21/tutorials/Taxes.htm (487 words)

	Intuit Payroll Services Support > Tax Relief Act of 2003
		Intuit Payroll Services is responding to the tax relief act by incorporating into its tax tables the new lower tax rates to be used in calculating the federal income tax that is withheld from employees' wages.
		The tax relief act sets a deadline of July 1, 2003 for employers to begin using the new tax rates, and Intuit is committed to meeting that deadline.
		Revised payroll tax withholding tables for all our customers will be in place by July 1, 2003, as mandated by President Bush.
	www.payroll.com /support/s_support_taxcut.html?priorityCode=0924806329 (349 words)

	Payroll services, payroll processing, payroll outsourcing providers, internet payroll solution, online payroll taxes, ...
		Custom Payroll Associates, Inc. is a full service payroll processing company, with over thirteen (13) years of experience in the payroll industry.
		Our company is staffed by financial, payroll and tax professionals who are committed to giving their clients the highest level of service in the industry.
		If this is your first visit to the Custom Payroll's Processing Center please take the time to look at our payroll products and our payroll and payroll tax services.
	www.custompayroll.com (254 words)

	CRFA - Issues - Payroll Taxes (Site not responding. Last check: 2007-11-05)
		Payroll taxes account for 40% of all taxes paid by foodservice operators, and are a weekly reminder that there's a financial penalty for creating jobs.
		Low-income earners lose a larger proportion of their income to payroll taxes than do high-income earners, because in dollar terms their premium payments are the same (see EI Tax Burden chart below).
		At the same time, businesses that hire more staff are hit with a higher tax load than those that cut staff, because payroll taxes must be paid on every employee.
	www.crfa.ca /issues/bytopic/payrolltaxes.asp (782 words)

	Payroll Solution \| ADP
		ADP Small Business Services offers the EasyPay payroll solution, which is designed to meet the needs of both new and established small businesses.
		With ADP tax and compliance, you won't have to file, deposit or reconcile payroll taxes for your business.
		Payroll checks and vouchers will show net amounts free of ADP error and you will receive your payroll* on your scheduled delivery date and time, or that payroll processing will be free.
	smallbusiness.adp.com /accountants/payroll-solution.html (322 words)

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