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Which form is used to report wages and federal unemployement tax liability?
Wiki User
∙ 14y ago
Income from unemployment is reported on your individual income tax return (Federal Form 1040). If you want/need to pay in towards what you expect to owe in federal income taxes on your unemployment income during the year, you can make estimated income tax payments on Forms 1040-ES. You do need to put your social security number, tax form number and tax year on your check, but you do not need to tell tham that it is for taxes on unemployment income. Do be careful to avoid penalties and interest for underpayment of taxes as the IRS generally prefers to get paid throughout the year, just as the rest of us do.
Wiki User
∙ 13y ago
Wiki User
∙ 14y ago1040 Line 7 is wages and unemployment line 19. The first $2400 is not included as it is not taxable. Some states give you a break too.
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Is Wages payable a liability?
Yes any payable is liability of business in this way wages payable is also liability.
Which liability account would hold the balance of wages due but not yet paid?
Wages payable account is shown under liability section for those wages which are due but not yet paid
Is wage a liability?
Yes any payable is liability of business in this way wages payable is also liability.
Should a wholly owned subsidary report its employees wages under the parent companys Federal Identification Number?
No. Each entity should have and report under its own EIN.
In accounting are wages considered liability or equity?
It is an asset.
Can a creditor garnish your federal wages?
becuse was the wages
Is wages expense a asset liability or owners equity?
neither
Are Accrued wages a current liability?
Accrued liabilities are a current liability if they are due within one year.
What is the purpose of doing the calculation Beginning salaries and wages payable PLUS Salaries and wages expense MINUS cash payments to employees EQUALS Ending salaries and wages payable?
The main purpose of this calculation is to find the salary and wages payable liability to show in the liability side of the balance sheet.
Can your federal wages be garnished?
Yes. Employment income from federal wages can be garnished for taxes, fines, or judgments if lawfully executed.
Can a judge garnish your wages in Texas?
No, only the federal government can garnish your wages.
What does fit taxable wages mean on a check stub?
Federal Income Tax wages.
