not to the state. the feds take it out. either right then on the check, or you can pay them at the end of the year.
The Truth About Ron Paul - Part 2
- Thread starter deprave
- Start date
um, unemployment?? it's called FUTA and SUTA taxes taken out of payroll taxes if you are an employee. if you are paid by contract you pay the unemployment taxes in quaterly filings you must complete.
and the employer matches the employees payroll taxes.
was that an answer anybody was looking for??
and the employer matches the employees payroll taxes.
was that an answer anybody was looking for??
londonfog
Well-Known Member
wrong..only two states take money out for UI from the employee...the rest of the states the Employer pays for it
londonfog
Well-Known Member
again wrong
Most employers pay both a Federal and a state unemployment tax.
http://www.irs.gov/businesses/small/international/article/0,,id=104985,00.html
I know. thats what I said. the feds take it out. When I've claimed partial unemployment in the past, there is a box if Icheck it the feds take out 30$ from my check. If I don't check the box the feds take the money out at the end of the year. And my boss says he doesn't pay dollar for dollar. his share is less...
londonfog
Well-Known Member
Dude you as an EMPLOYEE do not pay UI at all..that is done by your EMPLOYER..you leave in Cali..only two states make EMPLOYEE pay for UI..PA and NJ
sorry bud, but i am not wrong.
the amount of payroll taxes the employer pays matches the employees.
for ex.
if FUTA and SUTA taxes equal 8%. there are no other payroll taxes.
Company A has 3 emloyees and each make a salary of 100.
THen employee Ramon takes home 92 dollars and 8 are withheld as payroll tax.
Juan Takes home 92 and 8 are with held.
Julio takes home 92 and 8 are with held.
At the end of the month the employer has to pay 48 in payroll taxes. 24 which he withheld from his employees and 24 which he matches.
the amount of payroll taxes the employer pays matches the employees.
for ex.
if FUTA and SUTA taxes equal 8%. there are no other payroll taxes.
Company A has 3 emloyees and each make a salary of 100.
THen employee Ramon takes home 92 dollars and 8 are withheld as payroll tax.
Juan Takes home 92 and 8 are with held.
Julio takes home 92 and 8 are with held.
At the end of the month the employer has to pay 48 in payroll taxes. 24 which he withheld from his employees and 24 which he matches.
budlover13
King Tut
sorry bud, but i am not wrong.
the amount of payroll taxes the employer pays matches the employees.
for ex.
if FUTA and SUTA taxes equal 8%. there are no other payroll taxes.
Company A has 3 emloyees and each make a salary of 100.
THen employee Ramon takes home 92 dollars and 8 are withheld as payroll tax.
Juan Takes home 92 and 8 are with held.
Julio takes home 92 and 8 are with held.
At the end of the month the employer has to pay 48 in payroll taxes. 24 which he withheld from his employees and 24 which he matches.
i will ask my wife for specifics when she gets home. She is an HR manager here in Cali.
It has been my understanding based on conversations with my employers and their accountants that you are correct, 50/50.
londonfog
Well-Known Member
Please show me a link ...I will provide two for you that says otherwisesorry bud, but i am not wrong.
the amount of payroll taxes the employer pays matches the employees.
for ex.
if FUTA and SUTA taxes equal 8%. there are no other payroll taxes.
Company A has 3 emloyees and each make a salary of 100.
THen employee Ramon takes home 92 dollars and 8 are withheld as payroll tax.
Juan Takes home 92 and 8 are with held.
Julio takes home 92 and 8 are with held.
At the end of the month the employer has to pay 48 in payroll taxes. 24 which he withheld from his employees and 24 which he matches.
SUTA is paid by an employer and is added to a fund that can be used by a qualifying employee in the event she is unemployed. The tax is determined by taxing a percentage of a worker's salary that is capped at a certain annual pay level. While most employers consider SUTA a tax, it was originally considered a type of insurance http://www.ehow.com/about_5038114_suta-tax_.html
The Federal Unemployment Tax Act (FUTA), with state unemployment systems, provides for payments of unemployment compensation to workers who have lost their jobs. Most employers pay both a Federal and a state unemployment tax. A list of state unemployment tax agencies, including addresses and phone numbers, is available in Publication 926, Household Employer's Tax Guide. Only the employer pays FUTA tax; it is not deducted from the employee's wages. For more information, refer to the Instructions for Form 940 (PDF).
http://www.irs.gov/businesses/small/international/article/0,,id=104985,00.html
your turn
londonfog
Well-Known Member
if these companies are taking money out of the EMPLOYEES checks they are doing something illegal..they cannot and should not be doing this...trust me guys on this one
Unemployment Insurance (UI) is paid by employers. http://www.taxes.ca.gov/Payroll_Tax/doingbus1.shtml#Payroll
budlover13
King Tut
My wife just returned and confirmed you right london, for Cali at least. Props man.
londonfog
Well-Known Member
thanks..as an employer I had to find all this shit out...I would love to have my employees pay for their UI but I would lose my business doing such illegal actions
budlover13
King Tut
londonfog
Well-Known Member
no piss test here.Hell I would have to fire me...lol only if you get hurt on the job.. I do have to do background checks now...had a thief in my mist and would have found it had I did it prior...now I take no chances...cost 127 dollars everytime tooNeed a hard-working employee?
londonfog
Well-Known Member
we talking specifically about Unemployment insurance..payroll taxes could be FICA and SECA and such..not UI
there's states that have something called FUTA, which is the federal unemployment tax act... then there's what we called SUTA, which is state unemployment, which i guess some states have, some don't.... this is all now coming back to me.. i hated these journal entries... lol...
FICA is social security n medicare i believe...
FICA is social security n medicare i believe...
londonfog
Well-Known Member
right but FUTA AND SUTA are paid by the employer both help cover the cost of UI...now NJ and PA are the only state that do take money out from the employee check to help cover UI cost, but those states are not very business friendly
but i have unemployment taxes taken out of my paycheck every stub. and i live in 'the south' where it IS business friendly.....
well, now that i look at it it's not too specific... it just says Federal Withholding, SS, Medicare.... so i guess something changed with payroll taxes from when i went to school and now....
GAWDANGIT...gonna have to go back to school...
well, now that i look at it it's not too specific... it just says Federal Withholding, SS, Medicare.... so i guess something changed with payroll taxes from when i went to school and now....
GAWDANGIT...gonna have to go back to school...
londonfog
Well-Known Member
lol..trust they are not taking Unemployement tax out of your check..your employer is footing that bill