Withholding Taxes: How to Calculate Payroll Withholding Tax Using the Percentage Method

  Рет қаралды 178,902

Karin Hutchinson

Karin Hutchinson

Күн бұрын

Пікірлер: 84
@jujuana8918
@jujuana8918 2 жыл бұрын
I can not thank you enough! You saved my day, THE ONLY CLEAR EXPLANATION I could ever found!
@emilys.7874
@emilys.7874 Жыл бұрын
Thank so much! This help so much with my homework. I was so confused before.
@alaawassef3532
@alaawassef3532 4 жыл бұрын
It's very helpful. I'm studying Payroll 124, I was confused but not I'm fine. Thank you so much!
@gollis49
@gollis49 8 жыл бұрын
this was so helpful! I am helping my brother with his business and all his stuff was all over the place THANK YOU!!
@chuanuttley4177
@chuanuttley4177 7 жыл бұрын
This the best 10 minutes I even spend, easy to learn, very clear information.
@joshwerner4596
@joshwerner4596 8 жыл бұрын
This was so helpful for one of my collage classes. I didn't understand it when the profferer did it but now it makes much more sense. Thank you so much!!!!
@emiliearchuleta1959
@emiliearchuleta1959 8 жыл бұрын
Josh Werne
@joshwerner4596
@joshwerner4596 7 жыл бұрын
Melissa Santhapuri financial literacy
@acecat5575
@acecat5575 5 жыл бұрын
You are amazing at explaining this step by step... this was a lifesaver!
@cristelengland
@cristelengland 10 жыл бұрын
Your videos make everything so simple! I love it!
@jannatulnayma2922
@jannatulnayma2922 5 ай бұрын
Hi thank you so much for the clear explanation! It was really helpful. But if you could really explain how IRS Calculate these tables? How they’re formed? Like how they calculate the allowance withholding?
@cyberchick6031
@cyberchick6031 7 жыл бұрын
Hello Karin, This video was so helpful. I am not a payroll professional, lol. Thank you again!
@mrperez7036
@mrperez7036 2 жыл бұрын
Thank you for this video, Table 5 is not showing in publication 15 for tax year 2022. Do you know if it is somewhere else?
@tymccoy6718
@tymccoy6718 8 жыл бұрын
This was extremely helpful. I'm studying for my certification and this section was confusing in the book.
@StevenWilliams-lk7ds
@StevenWilliams-lk7ds 9 жыл бұрын
This is a truly awesome video! Thanks for posting this.
@MariaCervantes-do7og
@MariaCervantes-do7og 5 жыл бұрын
This video was very helpful, thank you for you explanation but how do I do the rest (FICA) tax?
@upishararuwan1881
@upishararuwan1881 8 жыл бұрын
Another great video from her. Very clear & thank you very much.
@jhsdemo
@jhsdemo 6 жыл бұрын
Thank you for this very informational video!!! Clear and straight to the point.
@jadeedja7525
@jadeedja7525 6 жыл бұрын
thank you so much to create this video its very simple, clear and professional. thank you so much
@mikalmccray1632
@mikalmccray1632 6 жыл бұрын
You saved my day. I love your explanations!! Could have not done it without you!...Do you think you could show how to fill out the EDD Quarterly Contribution Return and Report of Wages? Thank you again for all that you do!!!
@carltonjones114
@carltonjones114 5 жыл бұрын
what do you do with the 54.70 if you trying to figure out a w2 for the year?
@pavannandula
@pavannandula 4 жыл бұрын
In Publication 15-T, I see Percentage Methods for Automated Payroll Systems & Manual Payroll systems separately. Could you please explain will there be any difference in tax calculation for these two kind of payroll sytems
@ewapolicht345
@ewapolicht345 7 жыл бұрын
The best example !!! ThankYou Karin
@perezbronz
@perezbronz 4 жыл бұрын
hello, if you are still monitoring this channel, can you please create a video on how to change your allowances in 2020 or better yet 2021. I used to change my allowance every year as I was able to calculate how much tax needed to be withheld. However, it seems as if the IRS did away with the ability of having your employer change your allowances. Is there a way of doing this still? I appreciate any help you can give. I just saw your video today.
@louisgangone8432
@louisgangone8432 7 жыл бұрын
Beautiful explanation, thank you!
@kayzamora8964
@kayzamora8964 8 жыл бұрын
Thank you so much for this video. Extremely helpful
@banshee2428
@banshee2428 9 жыл бұрын
So helpful!! Thank you for posting.
@HfJax
@HfJax 7 жыл бұрын
God bless you for your time to explain that to us, thanks so much 🙏
@sheilafinnerty2232
@sheilafinnerty2232 10 жыл бұрын
Thanks for uploading, made perfect sense!
@AhmedMohamed-kq2gx
@AhmedMohamed-kq2gx 3 жыл бұрын
How much his net pay.I am lost.
@alikasaranghae
@alikasaranghae 7 жыл бұрын
so the more allowance the more taken out right
@roter13
@roter13 7 жыл бұрын
it sucks that we lose so much money for working hard
@yahia627
@yahia627 5 жыл бұрын
This is happens if u don't stand up to criminal government
@Jasper7182009
@Jasper7182009 4 жыл бұрын
... just go outside to the corner and you can see a fraction of what your taxes pay for. Now imagine all the military equipment and weapons etc. now imagine all the grants and all the funds for our citizens. Everything around you, including all the businesses, is directly or indirectly funded by your taxes, and my taxes and your neighbors taxes. Quit complaining!
@erintucker2937
@erintucker2937 6 жыл бұрын
This was awesome! Thank you.
@SheenaJizelle
@SheenaJizelle 7 жыл бұрын
If a new employee started on a new pay period like a Tuesday at the end of the month (27, 28, 29, etc) and they have a week in a whole how would that work? Would they get paid in full on the 18th of the next month since they get paid weekly on every Tuesday?
@ampleleapcognitiontechnolo5899
@ampleleapcognitiontechnolo5899 4 жыл бұрын
Video was informative | Integrated HR Solutions for START UP'S & MSME’S (Payroll, PF - ESIC, Compliance) - Ample Leap
@luar2521
@luar2521 7 жыл бұрын
This is awesome Karin thank you so much!
@janetvedda2534
@janetvedda2534 7 жыл бұрын
great explanation...thank you for the video
@ajoyrai15
@ajoyrai15 7 жыл бұрын
Ammazing tutorial! Thank you for the video! Plz advise whether Percentage Table varies after a certain period and if yes, from where latest Table can be followed!
@whocares5188
@whocares5188 6 жыл бұрын
Omg this is why ppl pay under the table I got a headache before you even started talking
@AhmedMohamed-kq2gx
@AhmedMohamed-kq2gx 3 жыл бұрын
How much the total
@SuperLocoloco69
@SuperLocoloco69 8 жыл бұрын
any way you can explain a 1099r form?
@moncho449
@moncho449 5 жыл бұрын
Thank you so much for you time really professional and helpfull
@ashokkumarsharma3034
@ashokkumarsharma3034 8 жыл бұрын
Very much thank you mam!! This was extremely helpful.
@antegas
@antegas 8 жыл бұрын
Gracias! Karin muy buena su explicación
@myuhdidas
@myuhdidas 7 жыл бұрын
My company withheld state taxes from 6/25 til 7/29 in one check. Is this right? Can they do that?
@Kp61dude_
@Kp61dude_ 6 жыл бұрын
You're the best, thank you!
@jeyzong101
@jeyzong101 5 жыл бұрын
is it better to claim "0" than 1 or 2 on W4?
@slickwilly6868
@slickwilly6868 5 жыл бұрын
Bullshit because claiming 0 dependents will result in your paycheck being taxed more. I claim myself that way I see a little more on my weekly check. I could care less about my tax refund being less.
@SuperMoreno22
@SuperMoreno22 5 жыл бұрын
Thank you for this tutorial, it was amazing. I watched three time, in order for me to understand thoroughly, however; I have a couple of question, what what kind of taxes are these. I am a little confuse, I work as a payroll clerk, I just started I don't have a lot of experience, but when I do the weekly pay deposit to the IRS and EDD. I deposit four amounts to the EDD. The IU, the ETT, the Disability Insurance and the PIT or withholding. Can you help me to figure out the State PIT, please? thank you
@luthersanchez4996
@luthersanchez4996 6 жыл бұрын
Very Helpful
@zacklove6625
@zacklove6625 9 жыл бұрын
Karin - How is the $34.90, in the first example, determined?
@keni203
@keni203 5 жыл бұрын
It’s located on the table. IRS determines these amounts each year. Where do they get it? Who knows. lol
@Promixewiththeword
@Promixewiththeword 9 жыл бұрын
karin is this the same for 2015...
@apoloniomelendez3613
@apoloniomelendez3613 9 жыл бұрын
+Anthony Austin it gets updated every year ....... try this link for 2015 > www.irs.gov/pub/irs-pdf/p15.pdf
@Promixewiththeword
@Promixewiththeword 9 жыл бұрын
Thanks.
@smailpour
@smailpour 8 жыл бұрын
Thanks Karin for your help
@mmmmx17
@mmmmx17 7 жыл бұрын
Myself is an allowence?
@stanlangstonjr.7393
@stanlangstonjr.7393 6 жыл бұрын
Makes sense...thanks!
@BashirAhmed-uh9pp
@BashirAhmed-uh9pp 2 жыл бұрын
Nice device
@kimkieu7
@kimkieu7 7 жыл бұрын
Hi, I wanted to know what if his allowance is 0? What do you do then if it is 0? Can someone please respond?
@kimkieu7
@kimkieu7 7 жыл бұрын
just wanted to say that i figured it out and thank you so much for this tutorial!!!
@stevekim578
@stevekim578 6 жыл бұрын
Explain please?
@arianamm8932
@arianamm8932 7 жыл бұрын
Thank you!
@kasiabe827
@kasiabe827 8 жыл бұрын
Rick O'Shea, the only employee of Hunter Furniture Company, makes $31,200 per year and is paid once a month. For the month of July, his federal income taxes withheld are $190, state income taxes withheld are $38, social security tax is 6.2%, Medicare tax is 1.45%, State Unemployment Tax is 5.4%, and Federal Unemployment tax is 0.8%. What is Rick's net pay for July? Does anybody knows the answer?
@cristianpiano2170
@cristianpiano2170 6 жыл бұрын
Did you fail your class?
@Kathleendanga
@Kathleendanga 8 жыл бұрын
thanks 😊
@impressme616
@impressme616 4 жыл бұрын
$720 every two weeks? No wonder John is single😂
@marcelmiller4394
@marcelmiller4394 6 жыл бұрын
Just keep making it more difficult to do work in this State for small businesses. I'm so frustrated dealing with the thief's of NY State Government. How many BS departments do you have to create to penalize people try to do better for themselves and start their own business. Simplify this crap, my business is not making money doing paperwork for the state yet I have to spend so much time dealing with the bureaucracy of the empire state!! I've been in the construction Business since 1997 and have do business in a bunch of different state but each year it gets worse and worse doing business in the state of NY.
@roystiner3937
@roystiner3937 2 жыл бұрын
I am only saying this for feedback purposes, not to be mean, but you need a pop filter for the mic...I'm sure you may have gotten one since this video. But just in case
@poppabear3730
@poppabear3730 5 жыл бұрын
I work at pizzahut i get paid biweekly. I work anywhere from. 2 to 9 hours every 2 weeks tonight i worked 30 minutes last week. 2.30 hours it was short i wish i made 700 biweekly. Id b lucky if i get 90.00 every 2 weeks
@Fudbite
@Fudbite 7 жыл бұрын
hi i am working in Canada taxation in India.
@Fudbite
@Fudbite 7 жыл бұрын
if you have some time to share, appreciatiable, its regards to business. Beneficial to both of us. bests Srinath
@alexpayko4655
@alexpayko4655 6 жыл бұрын
That "s" is so annoying
@blkcoverboy1049
@blkcoverboy1049 9 жыл бұрын
i have 2 jobs and im single with zero deductions i have zero on both of my w-4's from both jobs and i gave extra ..and STILL ended up owing..any idea why im still owing?
@876543213able
@876543213able 7 жыл бұрын
Just have like 11 or 12 children
@slickwilly6868
@slickwilly6868 5 жыл бұрын
$720 bi weekly?!?! John needs a new job.
@charlieharrison7234
@charlieharrison7234 5 жыл бұрын
You don't have much thumbs up on this because we don't know what the hell you're talkin about
@floriavu703
@floriavu703 6 жыл бұрын
Thank you! This was very helpful!
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