How do I compute excess wages as needed for line B2 on the quarterly tax report?
Employer UI Tax Questions #7: How do I compute excess wages as needed for line B2 on the quarterly tax report?: Calculation of Taxable wages. A simple example appears below. In this example, an employer has one employee to report to Virginia. The first $8000 in wages is taxable. The employer would calculate taxable wages for the four quarters during the year as follows: Employer: ACME Corp. EIN: 99-9999 Wages Paid Wages Paid Wages Paid Wages Paid Name/SSN Quarter 1 Quarter 2 Quarter 3 Quarter 4 John Smith ***-**-9999 $5,000 $12,000 $12,500 $13,000 Calculation of Taxable wages. Tax is due on the first $8000 per year $ 8,000 – $5000 = $3000 Taxable wages $5,000 $ 3,000 $ 0 $ 0 Tax due (5%) $250.00 $150.
Employer UI Tax Questions #14: How do I compute excess wages as needed for line B2 on the quarterly tax report?: Calculation of Taxable wages. A simple example appears below. In this example, an employer has one employee to report to Virginia. The first $8000 in wages is taxable. The employer would calculate taxable wages for the four quarters during the year as follows: Employer: ACME Corp. EIN: 99-9999 Wages Paid Wages Paid Wages Paid Wages Paid Name/SSN Quarter 1 Quarter 2 Quarter 3 Quarter 4 John Smith ***-**-9999 $5,000 $12,000 $12,500 $13,000 Calculation of Taxable wages.
