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Yeastie Boy Baking Co - Coggle Diagram
Yeastie Boy Baking Co
Unemployment Taxes
% of total wages
Separate from employee wages
Calculate FUTA
Periodic Payments
Submit Form 940 annually
employee compensation when laid off
Form 941
Quarterly Federal Tax Return
Employers portion of SS/Medicare Tax
Report employee taxes withheld
Report # of employees
Report total wages paid
FICA Taxes
SS/Medicare Taxes
Both employee/employer pay
2021 SS % 6.2
2021 Medicare %1.45
Self-employed pays both
Tax Calendar
12 month divided into 1/4s
Gives due dates
Filing forms
Paying taxes
payroll tax due dates
Semi weekly