Voluntary Tax

Posts Tagged ‘payroll’

payroll tax:

Question by Pay Roll: What is the difference between an income tax and a payroll tax?
What is the difference between an income tax and a payroll tax?

A. Income taxes reduce the demand for harmful goods while payroll taxes don’t affect this demand.
B. Income taxes are collected based on income while payroll taxes are collected based on wealth.
C. Income taxes are used for a wide variety of government activities while payroll taxes pay for specific programs.
D. Income taxes increase the purchasing power of the government while payroll taxes increase the purchasing power of workers.

Best answer:

Answer by koinjar486
C. Income taxes are used for a wide variety of government activities while payroll taxes pay for specific programs.

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payroll tax:

Question by JS: Is payroll tax considered a part of labor expense or is it considered tax?
I’m calculating EBITDA for my business. And I need to determine if employer contribution to payroll tax is a part of operating expenses or taxes. Putting it in taxes improves my EBITDA number, but I don’t know if that’s right.

Best answer:

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voluntary taxes:

Question by rlowe1133: Are payroll taxes voluntary?
I recently heard a rumor that payroll taxes are a voluntary tax. There are stories going around that you are not required to pay any taxes out of your payroll check and there’s nothing the government can do about it. According to the story businesses and coporations are required to pay the tax but individuals are not. Anyone have any thoughts or facts on this. If this is correct I am going to stop paying payroll taxes.
Hey, I didn’t say I believed it. I just wanted to investigate it further.

Best answer:

Answer by Your Best Fiend
No, it is not correct. When people state this, you ask to see the law that says this is true. They can never come up with the law. They tell you a bunch of crap.

But, the bottom line is that the Courts have ruled on this issue, and payroll taxes are not voluntary.

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tax deductions:

Question by geniepr: What are all the Income tax deductions in a Payroll from Philadelphia PA?
My husband is getting paid $ 12/hr this payroll gross was $ 918. The deductions are $ 278.40 (child support) and all the other taxes deductions. I see everything in order but they started also holding Philadelphia local Income tax for $ 88.04. I did know about Federal Income tax and PA income tax but this Philadelphia taxes I never herd of them and the withold amount is almost 3 times higher than the PA one. So he is only receiving $ $ 344.28 this payroll. Is this right?

Best answer:

Answer by STEVEN F
Many states allow cities to have local income taxes. Philadelphia does have such a tax. The rate is 4.301% of Gross Wages. The PA state income tax rate is 3.07%. There should be Philadelphia tax withheld, but 3 times the PA tax sounds high. You overall deductions, not counting child support, are about the same % of gross as mine.

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Malaysia Payroll and Human Resource Management System Introduction Payroll Monthly/Daily/Hourly/Piece Rate Payment Salary Prorate for Newly Joined/Resigned BANK/ CHEQUE/ CASH Payout Auto TAX/EPF/ SOCSO Calculation Monthly Tax Deduction Define Voluntary EPF
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payroll

How do I process payroll when people are paid a retainer to be reimbursed when they earn a commission? Help?

I am bookkeeping for a travel agent (my first one) and am wondering on the best way to process payroll in MYOB when the sales staff are paid a wage (retainer I suppose) each week which is to be paid back when they sell a house and earn their commission. Would you do an advance? There must be a better way. Any advice much appreciated.

payroll stub

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paycheck stub

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pay stubs

Every week I shred my pay stubs (for security reasons)
Recently, I need to prove my income for the last 6 months and need a copy of my pay stubs.

The Payroll lady at my company is being difficult. Does she have to supply them to me or am I out of luck?

payroll

www.dilbert.com by Scott Adams Dilbert’s Pointy Haired Boss tries and fails to fire Carol and Carol discovers a gender pay gap. In Involuntary Termination, The Boss says, Carol. youre the worst secretary ever. I have to let you go. Carol says, You cant fire me until you fill out the involuntary termination form 904-B. The Boss replies, Can you get me one of those? Carol says, Yeah. Ill get right on that. In Payroll, The Boss says, Carol, I emailed you the department payroll report to reformat. Dont let anyone else see it because they might…exactly. They might so that. Carol punches her fist through the computer monitor.