Laserfiche WebLink
-4- <br />THE RAMSEy FIREFIGHTERS RELIEF <br />be found in the instructions for Form 990 and Form 990-EZ, or you may call our <br />toll -free number to obtain additional information on how to correct and report <br />this transaction. <br />EMPLOYMENT TAXES <br />If you have employees, you are subject to income tax withholding and the social <br />security taxes imposed under the Federal Insurance Contribution Act (FICA). <br />You are required to withhold Federal income tax from your employee's wages and <br />you are required to pay FICA on each employee who is paid more than $100 in <br />wages during a calendar year. To know how much income tax to withhold, you <br />should have a Form W-4, Employee's Withholding Allowance Certificate, on file <br />for each employee. <br />You are also liable for tax under the Federal Unemployment Tax (FUTA) for each <br />employee you pay $50 or more during a calendar quarter if, during the current <br />or preceding calendar year, you had one or more employees at any time in each <br />of 20 calendar weeks or you paid wages of $1,500 or more in any calendar <br />quarter. <br />Employment taxes are reported on Form 941, Employer's Quarterly Federal Tax <br />Return. The requirements for withholding, depositing, reporting and paying <br />employment taxes are explained in Circular E, Employer's Tax Guide, <br />(Publication 15), and Employer's Supplemental Tax Guide, (Publication 15-A). <br />These publications explain your tax responsibilities as an employer. <br />Letter 948 (DO/CG) <br />