This Worked Example illustrates the payroll tax treatment of overpayments recouped in the same and a subsequent calendar year, as well as which tax returns must be filed by an employer to correct the overpayment.
This Worked Example illustrates how an employer can make corrections when employees are paid wages not ultimately due.
This Worked Example illustrates how employers can establish a desired net pay amount by making a payment of wages where they "gross up" the amount so that the employee is paid enough wages to achieve the desired net.
This Worked Example illustrates how employers should calculate an employee's total FICA withholding for each pay period.
Employers are required to report the life insurance premiums applicable to employees, based on an IRS table, for employer-provided life insurance premiums with benefit amounts in excess of $50,000.