Google Groups no longer supports new Usenet posts or subscriptions. Historical content remains viewable.
Dismiss
Social Security Tax increase
12 views
Skip to first unread message
rlz
Jan 4, 2013, 5:32:35 PM1/4/13
to
When does the 2% increase take effect for Social Security? Today, Jan
4th is payday for hours works from Dec 17-30, 2012 for my company.
Should we have charged 4.2% or the 6.2%?
4th is payday for hours works from Dec 17-30, 2012 for my company.
Should we have charged 4.2% or the 6.2%?
Arthur Kamlet
Jan 4, 2013, 5:36:24 PM1/4/13
to
In article <2e8570ad-bd81-4647...@w8g2000yqm.googlegroups.com>,
The 6.2 rate applies for payments starting 1/1/13. I'm sure
IRS will issue regulations about how to correct 4.2 into 6.2.
--
ArtKamlet at a o l dot c o m Columbus OH K2PZH
IRS will issue regulations about how to correct 4.2 into 6.2.
--
ArtKamlet at a o l dot c o m Columbus OH K2PZH
paulthomascpa
Jan 7, 2013, 8:46:11 AM1/7/13
to
"rlz" <ro...@ellzey.net> wrote
> When does the 2% increase take effect for Social Security? Today, Jan
> 4th is payday for hours works from Dec 17-30, 2012 for my company.
> Should we have charged 4.2% or the 6.2%?
6.2%. Taxes apply based on the pay date, not the earned date. Today's
> 4th is payday for hours works from Dec 17-30, 2012 for my company.
> Should we have charged 4.2% or the 6.2%?
payroll is 2013 income and 2013 tax laws apply.
--
Paul Thomas, CPA
www.paulthomascpa.com
Watkinsville, Georgia
0 new messages