Definition Determining tax liabilities

Glossary: Determining tax liabilities For each of these you have to figure the total due based on the gross wages for that period - these taxes are figured as a percent of gross. For example, when the FICA and Medicare tax is 7.65% of gross wages, you take the gross wage, multiply it by .0765, and that is what you owe for the employer portion of FICA. You can get a chart which shows the Federal and state taxes due for each employee, based on their W-4 status and earnings. Unemployment will be based partly on a state multiplier and partly on your company's unemployment history. Workers compensation will depend on the industry code your employees work under, as well as your company's performance. Enter your email address below for Venture Capital and Business Planning information. Business Plan Consulting Definition: Determining tax liabilities Click here for more Determining tax liabilities / Dictionary of Terms If you need assistance in developing a business plan, our staff of industry leading consultants can assist you in preparing a winning presentation. Contact us for a business plan quote to learn more about how we define Determining tax liabilities and how we can help you complete your business plan today. Additional terms to learn about Determining tax liabilities definitions Dictionary: Determining tax liabilities business plan definition - © 2001-2004 HJ Ventures International, Inc.