Federal Payroll Taxes

Federal Payroll Taxes

General Questions
What are the basic types of federal payroll taxes?
What are the general rules for the collection and disbursement of federal income and payroll taxes?
What are the federal payroll tax rates and wage bases for 2007?
Who is responsible for withholding and remitting federal income and payroll taxes?
What are the employer's responsibilities regarding the withholding of federal income and payroll taxes?
What are FICA taxes?
How are FICA taxes computed?
What are the basic federal income tax withholding rules?
Are the wages of all employees subject to federal income tax withholding?
Is paid time off subject to federal income tax withholding?
 
Calculating Federal Payroll Tax Withholding
Is there more than one withholding method?
What is the wage-bracket method?
How is federal income tax withholding calculated using the wage-bracket method?
What is the percentage method?
How is federal income tax withholding calculated using the percentage method?
Using the wage-bracket method, how is withholding determined for employees who claim more than 10 allowances?
What are supplemental wages?
What is the supplemental withholding rate?
How is federal income tax withholding determined when the supplemental wages are combined with regular wages?
How does an employer determine the amount of federal income tax to withhold from an employee's supplemental wages?
 
Tips and Other Withholding Items
When are tips paid by a customer to an employee subject to payroll taxes?
What are the employer reporting requirements for tips?
How do employees report cash tips?
When are tips treated as paid to the employee?
What is back-up withholding?
When is back-up withholding required?
What payments are subject to back-up withholding?
What is the Earned Income Credit (EIC)?
How is the Earned Income Credit Paid?
What is the Advance Earned Income Credit?
What is the Advance Earned Income Credit threshold for 2007?
How is the Advance Earned Income Credit determined and paid?
How can an employer get more information from the IRS on payroll tax withholding?