Question

Ca Scorp - Compensation and benefits - Calculate Salaries and Wages and Payroll Taxes?

Forum|Forum|6 years ago
February 23, 2020
2 replies
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Hi I'm filing my Scorp for the first time. I have a payroll service that issues a check to me and my wife once a month.

Question:

1) Calculating Salaries and wages - do I simply add the figures in Box 1 of the W2

2) Payroll Taxes - What boxes do I add together to come up with this figure?

Thanks a bunch,

Wayne

TurboTax Business Windows

CatinaT1

Wages paid will be in box 3 and 5 of your W2. Your payroll tax expense will not be listed on the W2. You should have a report from your payroll company that shows the payroll tax expense paid. This is not taxes withheld and paid by the employee (you and your wife) but the company portion of payroll taxes.

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S

sltaxguyAuthor

Thanks Tina,

Just to be clear:

I called the payroll company, they gave me totals paid for 2019 for FED, SSI, Medicare, Cal, Disability. so, now what?

Thanks Wayne

P

picassowinks

Hellow, this is Kyle R Orozco, and i would like to thank you for conTacting my the other day and i would like to pay for your service for my RAIL ROUD PaYROLL. AS SOON AS YOU AND YOUR EMPLOYERS WITH e-FILE ON THE I.R.S WEBSITE.