Preview Payroll Deposit Schedule Sample

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TaxPayments,Year‐to‐DatePayroll(9/4/2008)  Page1of8

TaxPaymentsChecklist(YeartoDatePayroll)

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Important:BeforeyouentertaxpaymentsintheEnterPayrollTaxPaymentswindow:

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• Enterallyouryear‐to‐datepaychecksintheEnterPaycheckswindow.

• PrintthisTaxPaymentsChecklistdocumentandreviewitcarefully.

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ToentertaxpaymentscorrectlyinStep5ofPayrollSetup,followthesesteps:

1. Understandtaxpaymentconcepts

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2. Gatheryourtaxpaymentinformation

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3. Entertaxpayments inStep5ofPayrollSetup

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1. Understandtaxpaymentconcepts

WhatistheEnterPayrollTaxPaymentswindow?

TheEnterPayrollTaxPaymentswindowinStep5ofPayrollSetupletsyouenterthepayrolltax

liabilitiesyou’vepaidsofarthisyear.QuickBooksusesthisinformationtodeterminehowmuchyoustill

owetofederalandstateagenciesandtohelpensurethatyourfuturetaxdepositsand

filingsare

accurate.

Whatisapayrolltaxliability?

Apayrolltaxliabilityismoneyyouoweagovernmentagencyforapayrolltaxitem.Someexamples

include:

• Federalorstatewithholding(alsocalledIncomeTax;doesnotincludeSocialSecurityor

Medicare)

• SocialSecuritycompany‐paidtax(alsocalledFICAorOASDI)

• SocialSecurityemployee

‐paidtax

• Medicarecompany‐paidtax

• Medicareemployee‐paidtax

• FederalUnemploymentTax(alsocalledFUTA)

• Statedisabilityinsurance(alsocalledSDI)

• Stateunemploymentinsurance(alsocalledSUI)

• Statesurchargesandassessments

• Anyotherlocalorcustomtaxes

HTML Preview Payroll Deposit Schedule Sample page number 1.