EMPLOYEE’S WITHHOLDING ALLOWANCE CERTIFICATE

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Presentation transcript:

EMPLOYEE’S WITHHOLDING ALLOWANCE CERTIFICATE Lesson 13-2 EMPLOYEE’S WITHHOLDING ALLOWANCE CERTIFICATE 2 1 3 4 5 1. Name and Address 4. Withholding Allowances 2. Social Security Number 5. Signature and Date 3. Marital Status Lesson 13-2, page 309

EMPLOYEE’S INCOME TAX WITHHOLDING—SINGLE PERSONS SP: The animation on this page is a sample of what I will do on the next slide when I have the art. the page is useless unless we animate 3 At least But Less than 1,120 1,140 87 2 Lesson 13-2, page 310

EMPLOYEE’S INCOME TAX WITHHOLDING—MARRIED PERSONS SP: Need art for page 311. Lesson 13-2, page 311

EMPLOYEE SOCIAL SECURITY AND MEDICARE TAX     Calculate Social Security Tax Deduction Total Social Security Social Security Earnings  Tax Rate = Tax Deduction $1,137.00  6.5% = $73.91     Calculate Medicare Tax Deduction Total Medicare Medicare Earnings  Tax Rate = Tax Deduction $1,137.00  1.5% = $17.06 Lesson 13-2, page 312

TERMS REVIEW payroll taxes withholding allowance social security tax Medicare tax tax base Lesson 13-2, page 313