Question

An employer's payroll tax expense is usually federal and state payroll taxes not withheld from (and therefore paid by) the employee. Examples include: -State unemployment insurance -Federal unemployment insurance -Other state payroll taxes not withh

Forum|Forum|4 years ago
March 5, 2022
1 reply
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Hello,

1120 S

Line 12

What amount do I enter under Taxes & Licenses? I added up social security, medicare, & state unemployment taxes but wasn't sure of the correct amount.

AliciaP1

This is correct, but you may have paid Federal unemployment taxes in January 2021 if you reported payroll for 2020. That would be the only amount of payroll taxes, outside of what you have listed, that would be properly reported here.

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