Please enable JavaScript.
Coggle requires JavaScript to display documents.
Moeller Dome Moeller Dome V.R. - Coggle Diagram
Moeller Dome V.R.
Unemployment Taxes
FUTA
6% federal tax
1st $7,000 of wages / employee
Tax credit of up to 5.4%, generally
make payment on IRS.gov/payments
quarterly basis
due date is last day of 1st month - following end of quarter
$500 or less, no deposit
deposit carries over until it's $500
or until end of year
FICA taxes
Federal Insurance Contributions Act
provides federal system
old-age, survivors, disability, hospital insurance
hospital portion - funded by medicare tax
Made of 2 taxes
Medicare Tax
Combined tax rate of 2.9%
Social Security Tax
Combined Taxe rate of 12.4%
Employer portion & Employee portion
Tax Calendar
due dates
pushed back until next business day
if landed on weekends / legal holidays
legal holidays according to District of Columbia
13 Holidays
Publication 509
Listed key dates
Updated for 2021
Adjusted for weekends & holidays
Form 941
Used to report withholdings
social security taxes
medicare taxes
income taxes
Filed quarterly
mandatory filing
even if you have no taxes to file for
due date
last day of month after end of quarter
Form 944 is end of year filing form