    |
|
|
 |
| Should you need tax forms or wish to do research, feel free to click
on the links below. We hope you will find them both helpful and useful in the managing of your business and finances. All links will open up in a new window. Please close that window to return to the Krause & Associates Certified Public Accountant's web site. |
|
by Interest.com |
|
Summary of Withholding Taxes Effective January 1, 2005 |
| Federal Withholding - | New tables (Circular E) |
| Social Security - | Employee - 6.2% of first $90,000 in wages Employer - 6.2% of first $90,000 in wages |
| Medicare - | Employee - 1.45% of all wages Employer - 1.45% of all wages |
| State Withholding - | 3.07% of all wages |
| State Unemployment Withholding Employee - |
.09% (.0009) of all wages |
| Local Withholding - | City of Reading - 1.5% County - 1.0% of all wages |
| Occupational Privilege Tax - | Assessed in locality worked Can vary from $0 - $52 |
|
Records to be Kept by Employers |
| The Pennsylvania Unemployment Compensation Law provides that each
employer, whether or not liable for the payment of contributions under the Law, shall keep accurate employment records containing such information as may be prescribed by the regulations adopted by the Department. Please follow this link to the full text document. |
|
Records Retention Schedule |
| How long should I keep my important papers? Find the answer here ... |
|
Krause & Associates |
Home - Company Profile - Services - Newsletter - Resources - Talk To Us
Copyright © 2003-2008
Scott Free Biz - All rights reserved.
For questions or concerns about this web site,
please contact the
Webmaster.