Define payroll withholdings, Basic Statistics

Define Payroll Withholdings

The U. S. earnings tax system-as well as most condition earnings tax systems-requires business employers to hold paycheck taxation from their staff's major incomes and income. The retaining of taxation and other breaks from staff's income impacts the company in several ways: (1) it decreases the cash amount paid to workers, (2) it makes a current obligation for the company, and (3) it needs the company to remit the taken out taxation to the condition and administration by specific due dates. Failure to remit paycheck taxation regularly results in interest and charges assessed on the employer; flagrant offenses lead to more severe repercussions.

Payroll withholdings include:

Employee part of Social Security tax

Employee part of Medicare tax

Federal earnings taxState earnings tax

Court-ordered withholdings

Other withholdings

Expertsmind.com offers unique accounting assignment help

Posted Date: 3/31/2012 4:01:07 AM | Location : United States







Related Discussions:- Define payroll withholdings, Assignment Help, Ask Question on Define payroll withholdings, Get Answer, Expert's Help, Define payroll withholdings Discussions

Write discussion on Define payroll withholdings
Your posts are moderated
Related Questions
PC Shopping Network may upgrade its modem pool. It last upgraded 2 years ago, when it spent $115 million on equipment with a life of 5 years and a salvage value of $15 million. The

pzl give me ans

how solve and get kurtosis

1. (a) 'Statistics is the backbone of decision-making'. Describe.     (b) 'Statistics is as good as the user'. Describe. 2.  Differentiate between the following with example.

assume that your group is incorporating a business organization. you are required to present a detailed structure, business environment and organizational structure of the entity.

What is a valuation account? In accounting, an assessment consideration is usually a stability sheet consideration that is used in combination with another stability sheet cons

All Excel output should be copied into a single Word document where you must enter all of your responses to the questions below. Format the document professionally so it flows well

Q. What is Sample Population? Choosing a sample population is one of the most important factors in gathering statistical data because all of the claims will be based on the sam

This question has multiple parts. Use the following information to answer the questions below: Spatial Ability Test Musical Ability Test Mean 80 74 Standard Deviation 6

ANOVA 1 and 2 way, t and f-tests 1,2 or more means... standard deviations known/unknown. I have a project where I must use these tests, but I''m not clear on the when and how.