Self Employment Taxes by xpf59682

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									                                                                                         2006 Compensation Worksheet




                                                                                                 Employment Taxes
                                                                                                    7,000 limit 10,000 limit    Total        401K       Comments
                                                           2007 Current   FICA Match Workers Comp      FUTA        SUTA       Employment     Match
Salaries                                                     Annual          7.65%       .37%         .800%        1.3%         Taxes       up to 3%
TBD - Director, Business Resource Center                        50,000.00     3,825.00       185.00       56.00        130.00    4,196.00    1,500.00


                                                               50,000.00    3,825.00        185.00       56.00         130.00    4,196.00    1,500.00

                                          Total Salaries       50,000.00
                                  Total Employer Taxes          4,196.00




                                                                                                                                                                   11/14/2010
                                                                                         2006 Compensation Worksheet




                                                                                                   Employment Taxes
                                                                                                      7,000 limit 10,000 limit    Total        401K       Comments
                                                             2006 Current   FICA Match Workers Comp      FUTA        SUTA       Employment     Match
Salaries                                                       Annual          7.65%       .37%         .800%        1.3%         Taxes       up to 3%
TBD - Director, Business Resource Center (4% Increase)            52,000.00     3,978.00       192.40       56.00        130.00    4,356.40    1,560.00


                                                                 52,000.00    3,978.00        192.40       56.00        130.00     4,356.40    1,560.00

                                            Total Salaries       52,000.00
                                    Total Employer Taxes          4,356.40




                                                                                                                                                                     11/14/2010
                                                                                               Self-Employment Payroll Tax Estimator



NOTE: This is a self-employment payroll tax estimator. It is                                  Self Employment Taxes
advisable to seek the opinion of a reputable accountant when                        *$102,000 Limit      No Limit      Total           Comments
planning the financial aspects of your business.                   Current        SE Social Security     Medicare    Employment
Salary/Wages                                                       Annual              12.4%              2.9%         Taxes
Owner 1                                                                                         0.00            0.00         0.00
Owner 2                                                                                         0.00            0.00         0.00
Owner 3                                                                                         0.00            0.00         0.00
Owner 4                                                                                         0.00            0.00         0.00
                                                                             0.00               0.00            0.00         0.00
                                              Total Salary/Wages             0.00

                                    Total Self Employment Taxes              0.00     *$102,000 limit as of 2008.




                                                                                                                                                  11/14/2010

								
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