Paper Work must be completed when you accept a new job.
The W-4 form must be filled
out by all U.S. employees, so that the employer knows how much to withhold from the employee's paycheck for federal income taxes. The W-4 form includes:
Marital Status
Number of allowances
Additional deduction amounts
The I-9 Form provides documentation that
new hires are authorized to work in
the U.S.
Be prepared to show valid picture identification:• driver’s license• passport •green card
AND your social security card
The money you make before you pay taxes.
Ex: An experienced registered nurse makes an annual gross income of $62,450 a year (www.bls.gov)
But, you don’t get to keep all the money!
Gross Income
Federal Taxes
a percentage of your income is paid to the
federal government
To determine how much
money you owe the federal
government you must use the
tax table
The 1040 EZ form is a document that most tax payers fill out and file with the government to determine if they owe the government or if the government owes them a refund.You must file
a new tax form with the government annually!
FICAFICA is used to fund Social
Security and Medicare
Translation: Federal Insurance Contribution Act
STATE INCOME TAXYou must pay a portion of your income to the state in which you residePA’s income tax
is 3.07%.
Local Income Taxa percentage of your income is also paid to the municipality, city or township in which you reside.
1%
Most people pay their taxes over the course of
one calendar year.
http://www.wsu.edu/payroll/flash/ESTutorial.html
Pay Stub Tutorial
By January 31st of every year, your employer must mail you
your W-2 Forms.The W-2 form provides you with an accounting of the taxes that have been with held from your paycheck over the course of the calendar year.
You need the information on the W-2 form to determine is you owe the government money or if they owe you a refund.
If you are getting a tax refund, it
means you have OVERPAID the
government this year.
If you owe the government money it is because you have not had
enough money taken out of
your pay check throughout the
year.