What are Payroll Taxes? Introduction to Calculating Payroll Taxes with Hector Garcia in 2024
HTML-код
- Опубликовано: 20 июл 2024
- Learn more about how to calculate payroll taxes and stay compliant: intuit.me/3uW68gp
In this QuickBooks Payroll tutorial, @HectorGarciaCPA teaches you how to calculate payroll taxes in 2022. Learn how your employees’ paychecks are calculated and your wage expenses are distributed as Hector breaks down federal, state and local taxes. Also, learn how QuickBooks Payroll software can help you automatically make these calculations to avoid unneeded headaches.
In this video:
0:00 Introduction to calculating payroll taxes
1:44 Federal Income Taxes (the IRS)
4:13 State and Local Income Taxes
7:20 Example and breakdown of employee paycheck withholdings
Leave a comment below and let Hector know what other questions you have about calculating payroll taxes in 2022 or any other payroll topics.
Hector Garcia is a CPA (Certified Public Accountant), QuickBooks consultant and business owner. He is also just a big fan of Intuit QuickBooks! He has teamed up with QuickBooks to produce this video series about Payroll.
Disclaimer: This content is for information purposes only and should not be considered legal, accounting or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Intuit Inc. does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Intuit Inc. does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.
We have over 100 step-by-step tutorials to help you master QuickBooks. Browse our entire library by topic:
Getting Started - bit.ly/2PaHuGz
Accounting Basics - bit.ly/2Jc5dSX
Sales - bit.ly/2Weq7WV
Invoicing - bit.ly/2JelfeQ
Expenses - bit.ly/31HK89r
Reports - bit.ly/2MADTzM
Reconciliation and Preparing for Tax Season - bit.ly/2MAfydj
Managing Inventory - bit.ly/2W8NQaH
Projects (without QuickBooks Payroll) - bit.ly/2P9UWdF
Projects (with QuickBooks Payroll) - bit.ly/2W5Tjio
Subscribe to our RUclips channel: intuit.me/3bOj0M2
Visit QuickBooks.com: intuit.me/QBO
#QuickBooks #HectorGarcia #Payroll
The world’s largest workforce works for themselves. We work for them by providing smarter business tools. QuickBooks #BackingYou. 
Наука
![Chk Chk Boom - Stray Kids ストレイキッズ 스트레이 키즈 [Music Bank] | KBS WORLD TV 240719](http://i.ytimg.com/vi/63QPwqCRGcw/mqdefault.jpg)
Found your post interesting to watch. I can't wait to see your new videos soon. Good Luck with the upcoming update. This RUclips channel is very informative and effective.
Excellent information, Mr. Garcia!
Thank you Hector. Excellent presentation.
Thanks for taking your time to explain in details. 👍👍👍
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.
Every state is different. Which is why we skipped it
We loved it Hector Garcia
Very helpful and thorough
Thank you, very helpfull information.
Great job bro🙏🏽
Thank you for the info
Great video!
Very nice learning from you
Hello, very interesting. I need to know if its the same for nonprofits and for profits corporations?
I have learned so much with your videos, do you also have desktop tutorials. Thank you very much
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: (ruclips.net/user/quickbooksplaylists)!
^Faith
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
Fantastic informative video, thank you most kindly!😁😁😁
Does FICA, suta, futa company paid affect a marital status, allowance?
Aren’t marital status, allowance for deductions of paycheck on employee side?
Hi Hector. What’s the best way to get one of your webinar??
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!
Great question ⁉️
Should I calculate a hourly wage to gross wage to calculate FICA, Medicare, suta, puta?
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!
Ooh Hector I like your new background. Gosh it's nearly time to do books again.. time flies 😔
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!
Hi Hector, what payroll software would you recommend for employees who only have an ITIN?
did you ever find out? I had the same question.
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?
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
Is quickbooks payroll included in the quickbooks monthly fee? If not how much extra is it?
Hi there. The Payroll subscription is separate from the QuickBooks subscription. You can find product and pricing details here: quickbooks.intuit.com/payroll/pricing/
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!
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
Hey there, Gigawatts. We recommend checking with a bookkeeper or accountant as the best way to categorize those funds inside of your QuickBooks.
@@quickbooks Should I calculate a hourly wage to gross wage to calculate FICA, Medicare, suta, puta?
Which tax employees pay from salary because social security?
Hi, Mr Hector, could you please explain why .6% of the first $7000 is $6, but not $42? Thank you
It was based on a $1,000 check only
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)?
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
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?
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
If I have a 0% rate for my state Suta. What percent of Futa do I pay?
If someone can help us with this question, I’ll appreciate
Cpa online is good ?
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?
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
My quickbooks is no longer calculating the Federal Withholding. Is this due to the new W-4 form?
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?
@@quickbooks I’m experiencing this as well. I’m currently using QB Desktop Premier
@@ncfundi Thanks for confirming that for me. Can you tell me what year your QuickBooks is?
I believe it’s 2019
When I pay tips how is the calculation for social security y medicare
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
How do i know if my employer is paying into everything on my paystub ? How can i check ?
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
the lack of explanation on the 15-t table makes this video useless
Slave teaching slaves