What are Payroll Taxes? Introduction to Calculating Payroll Taxes with Hector Garcia in 2024

[@MonicaJohnson-ej3ht]

Thank you for the breakdown. I am new to calculating payroll and all the taxes that go along with it. The inclusion of information for California was a huge benefit. When I start my Quickbooks class, I'll be sure to visit more of your videos.

[@HectorGarciaCPA]

Every state is different. Which is why we skipped it

[@Johnnydoggs3]

Love your page ❤ I have issues getting an apartment because I couldn’t get paystubs and bank statements until I had no option than to purchase the from an online vendor

[@LosMoralesBakery]

Excellent information, Mr. Garcia!

[@jonahmelvon]

Very helpful and thorough

[@clemmyane9152]

Thanks for taking your time to explain in details. 👍👍👍

[@DeepPatel-iq5ui]

Very nice learning from you

[@lienpb]

Thank you, very helpfull information.

[@christinebarker8975]

Thank you Hector. Excellent presentation.

[@nogoogle6349]

We loved it Hector Garcia

[@dionelcybloom5700]

I have learned so much with your videos, do you also have desktop tutorials. Thank you very much

[@quickbooks]

Hello there, Dionelcy! Yes! We do indeed have QuickBooks Desktop tutorials and demos as well. To check them out, please visit our QuickBooks Playlists here: (kzbin.infoplaylists)! ^Faith

[@tjkndy5978]

Great job, however, can you when a tax rate is specified, can you tell us exactly what the tax rate is based on? Like Gross, Adjusted Gross, etc. Also can you explain the precedence of order of the tax calculations, like when a state tax is taken off of the Adjusted Gross Income, and what is AGI comprised of? Thanks!

[@misspeaches358]

Great question ⁉️

[@saintjohnservice1466]

Ooh Hector I like your new background. Gosh it's nearly time to do books again.. time flies 😔

[@HectorGarciaCPA]

This was a green screen setup... was professional recorded in a studio, not my house. It was a really cool experience.. so thankful that intuit wanted to do this with me!

[@louietoltolvlog9699]

Does FICA, suta, futa company paid affect a marital status, allowance? Aren’t marital status, allowance for deductions of paycheck on employee side?

[@tennehbility8596]

Great job bro🙏🏽

[@moneymakerfosho6915]

Fantastic informative video, thank you most kindly!😁😁😁

[@CherylBartlett-p9l]

Recently had a full time employee going from Salary paid weekly to part time with a reduced salary paid semi-monthly, I went to run the payroll the pay amount is double what it should be and no taxes are being withheld. I have ran the tax updates, how do I get this corrected?

[@quickbooks]

Hey there. For any issues in regards to payroll, we suggest getting into contact with our Team. You can use this link to do so: quickbooks.intuit.com/learn-support/en-us/help-article/payroll-processes/contact-payroll-support/L08Yi5p07_US_en_US. All the best. -Kyle

[@mariacarrillo7573]

Hi, very helpfull information. I would like to know why the calculation of the federal tax only covers 3 days. I can see up to 5 deductions just in January. Thank you

[@cogdj6452]

Is quickbooks payroll included in the quickbooks monthly fee? If not how much extra is it?

[@quickbooks]

Hi there. The Payroll subscription is separate from the QuickBooks subscription. You can find product and pricing details here: quickbooks.intuit.com/payroll/pricing/

[@louietoltolvlog9699]

Should I calculate a hourly wage to gross wage to calculate FICA, Medicare, suta, puta?

[@conniemontanez9482]

Great video!

[@hildasuarez8755]

Thank you for the info

[@xioxio3020]

Buenas Hector, thank you my friend for the heart attack, I was about to hire my first helper for my small business but I changed my mind after your explanation. Just kidding! thank you I learned a lot!

[@renemartin9230]

Hi Hector. What’s the best way to get one of your webinar??

[@LoveCarol]

I am trying to start a business in TN. When calculating employee wages in my financial forecast, how would I account for payroll taxes?

[@quickbooks]

Hi Caroline. Your payroll taxes will be a part of your employee wages. Here's a handy article all about Financial projections and forecasting. I hope this helps. -Karey quickbooks.intuit.com/global/resources/financial-management/understanding-financial-projections-forecasting/

[@dennisalexander1806]

I am enrolled in Intuit Academy and have been studying Tax Level 1. I lost count of the times I had to log in over and over and over. When you are taking the exam, it freezes up. The only way I can continue is to log out and log in again. Also, the drop down menu didn't work so I could answer the questions. Obviously, it is not possible to pass the test under these conditions. Who do I send an email to for help at Intuit Academy? I do not know how to get in touch with them. Thank you for your help.

[@quickbooks]

Hi Dennis. You can find the Intuit Academy's support form on the website here: (academy.intuit.com/faq). After you complete and submit your form, they'll contact you within 48 hours regarding your request. I hope this helps. -Karey

[@mariananajera7940]

Hi Hector, what payroll software would you recommend for employees who only have an ITIN?

[@ommode2278]

did you ever find out? I had the same question.

[@user-bn5rd5hz2o]

Cpa online is good ?

[@stephenprosso]

When does Quick Books pay the IRS taxes? Is it Monthly? Do they pay the employee portion and the employer federal tax portion together in the same payment?

[@quickbooks]

Thanks for reaching out. When it comes to payroll there are different ways that it can be done. This hub has many articles regarding the product itself: quickbooks.intuit.com/learn-support/en-us/quickbooks-online-payroll/help-topic/view-all-articles. Cheers. -Kyle

[@smm997]

Which tax employees pay from salary because social security?

[@riospropertymanagement6076]

Hello, very interesting. I need to know if its the same for nonprofits and for profits corporations?

[@kikoman780311]

Do you have any videos that help calculate payroll taxes for employees with a W-4 from 2020 or later, have incomes over $100,000, and also contribute to a 401(k)?

[@quickbooks]

Hi there. You can find the steps for a W-4 2020 or newer here: quickbooks.intuit.com/learn-support/en-us/help-article/worker-profile/whats-changing-federal-w-4/L9K6WoJ32_US_en_US. Hope this helps! -Kristina

[@MikeLaurie-hj5lc]

How do i know if my employer is paying into everything on my paystub ? How can i check ?

[@quickbooks]

Hi Mike, You should be able to see what taxes are being withheld and paid by viewing your paycheck and W2 forms. After the taxes have been removed from your paycheck, the remittance and responsibility fall on the employer. You can review your Pay Stubs and W-2 forms to ensure that the amounts withheld match what was deducted from your paychecks throughout the year. I hope this helps. -Karey

[@lynngambrell1424]

If I have a 0% rate for my state Suta. What percent of Futa do I pay?

[@dianny811]

If someone can help us with this question, I’ll appreciate

[@1.21Gigawatts_]

Hi, I have a question. If I am getting money from a lawsuit settlement, will I have to pay fica taxes on the settlement money? Or will I only have to pay federal and state taxes? Is money from a lawsuit considered earned income or unearned income? The lawsuit has nothing to do with my employer of payroll by the way

[@quickbooks]

Hey there, Gigawatts. We recommend checking with a bookkeeper or accountant as the best way to categorize those funds inside of your QuickBooks.

[@louietoltolvlog9699]

@@quickbooks Should I calculate a hourly wage to gross wage to calculate FICA, Medicare, suta, puta?

[@oscarrestrepo9339]

When I pay tips how is the calculation for social security y medicare

[@quickbooks]

Great question! While I would love nothing more than to be the one to assist you, this question is better directed toward an accountant. Each business is different so you should have a CPA explain the best way to set up and manage your account. Best of luck. -Myshka

[@tonyguzman674]

Hello Hector, I really need help right now. I need to do my quarterly payroll taxes. I do have quick books. If you can help I'd appreciate it,, Thank you!

[@chalwacytrynowa9365]

Hello Hector, I am using Quickbooks and Tsheets, I am owner of big company in which my employees sometimes have to work in different states. How QB knows in which state I should pay taxes?

[@muhammadabuzar2093]

If they live up to 182 days your establish state mean you you live Alaska state Upto 182 days you will consider Alaska taxes, or if your employee live more than 182 days an others states like Newyork then you will consider New York taxes, You will initially follow W4 form .... thanks

[@yali1776]

Hi, Mr Hector, could you please explain why .6% of the first $7000 is $6, but not $42? Thank you

[@HectorGarciaCPA]

It was based on a $1,000 check only

[@jamespark2936]

My quickbooks is no longer calculating the Federal Withholding. Is this due to the new W-4 form?

[@quickbooks]

We'd be happy to take a closer look at this with you, James. Can you tell us which version of QuickBooks you're using?

[@ncfundi]

@@quickbooks I’m experiencing this as well. I’m currently using QB Desktop Premier

[@quickbooks]

@@ncfundi Thanks for confirming that for me. Can you tell me what year your QuickBooks is?

[@ncfundi]

I believe it’s 2019

[@makeittrades5750]

the lack of explanation on the 15-t table makes this video useless

[@leebruttomesso7525]

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