adamkelly Posted March 15, 2008 Report Share Posted March 15, 2008 Client's nanny earned 12k from 1/1/07-6/30-07, 2k/month, 6k/qtr. Answers to A thru C are Yes and I'm supposed to skip Part I? What the..? Where else does FICA and FIT calc? Anyway, I fill out Part I and... Withholdings are: SS 12.4% $1488 + MC 2.9% $348 + FIT $650 = $2486 Line 9 = Yes. Then I fill out Part II and...Line 10 = Yes, Line 11 = Yes, but not yet(pay with return), Line 12 = Yes Then I fill out Section A. Line 15 = $56, Line 16 = $7000, Line 17 = $56 Then fill out Part III and...Line 26 = $0 WHAAAAT? Should be $2486! What am I doing wrong? Adam Quote Link to comment Share on other sites More sharing options...
Julie Posted March 15, 2008 Report Share Posted March 15, 2008 I haven't done one of these, but it looks like maybe you're telling it the taxes have already been paid. Client's nanny earned 12k from 1/1/07-6/30-07, 2k/month, 6k/qtr. Answers to A thru C are Yes and I'm supposed to skip Part I? What the..? Where else does FICA and FIT calc? Anyway, I fill out Part I and... Withholdings are: SS 12.4% $1488 + MC 2.9% $348 + FIT $650 = $2486 Line 9 = Yes. Then I fill out Part II and...Line 10 = Yes, Line 11 = Yes, but not yet(pay with return), Line 12 = Yes Then I fill out Section A. Line 15 = $56, Line 16 = $7000, Line 17 = $56 Then fill out Part III and...Line 26 = $0 WHAAAAT? Should be $2486! What am I doing wrong? Adam Quote Link to comment Share on other sites More sharing options...
SueC Posted March 15, 2008 Report Share Posted March 15, 2008 Once you answer Yes to Question A, it tells you to skip Question B and C and go to line 1. Line 1 through 8 will calculate SS, Medicare and w/h. Then when you get to line 26, You haven't checked Yes on Line C (on page 1), so you bring the net taxes forward from Line 8 instead of putting -0- on that line. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.