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2010 Form W-2 Tips, Part 6, Box 5 Medicare Wages and Tips
This is one in a continuing series on the 2010 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than January 31, 2011. Forms mailed on the due date are...
Unemployment Rate Fell to 9.4 Percent in December
The unemployment rate fell by 0.4 percentage points to 9.4% in December, and nonfarm payroll employment increased by 103,000, the US Bureau of Labor Statistics reported recently. Employment rose in...
Question of the Week: Why Did My Federal Income Tax Withholding Go Up in 2011?
This week’s question comes from Gabrielle, an office manager. I noticed that my federal income tax withholding increased for my first check of 2011 as compared to my last check of 2010. Several of...
Unemployment Insurance Weekly Claims Report Update for January 1, 2011
According to the US Department of Labor, in the week ending January 1, the advance figure for seasonally adjusted initial claims was 409,000, an increase of 18,000 from the previous week’s revised...
Tip of the Week: IRS Releases 2011 Form W-4
The Internal Revenue Service (IRS) has released the 2011 Form W-4, Employee’s Withholding Allowance Certificate. Form W-4 is used by employers to calculate the amount of federal tax to be withheld...
2010 Form W-2 Tips, Part 5, Box 4 Social Security Tax Withheld
This is one in a continuing series on the 2010 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than January 31, 2011. Forms mailed on the due date are...
Birthday of Martin Luther King, Jr. May Require Change in Processing Schedule
Monday, January 17, 2011 will be the Birthday of Martin Luther King, Jr., a federal holiday. Although the offices of Vision Payroll will be open and payrolls will be processed, most banks will be...
2010 Form W-2 Tips, Part 4, Box 3 Social Security Wages
This is one in a continuing series on the 2010 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than January 31, 2011. Forms mailed on the due date are...
2010 Form W-2 Tips, Part 3, Box 2 Federal Income Tax Withheld
This is one in a continuing series on the 2010 Form W-2, Wage and Tax Statement, which employers must generally furnish to employees no later than January 31, 2011. Forms mailed on the due date are...
Question of the Week: What Is the Monthly Limit on the Value of Qualified Transportation Benefits?
This week’s question comes from Steve, an HR director. We provide transportation benefits to our employers. In 2010, we could exclude $230 per month for most qualified transportation benefits. What...
