Question
Please help with the SDI that was incorrect. I also tried 1% of $85,454.38, and that was incorrect. Veryclear Glassware is a new business owned
Please help with the SDI that was incorrect. I also tried 1% of $85,454.38, and that was incorrect.
Veryclear Glassware is a new business owned by Samantha Peoples, the company president. Her first year of operation commenced on April 1, 2020.
EIN: 78-7654398
Address: 23051 Old Redwood Highway, Sebastopol, California 95482, phone 707-555-5555
Number of employees: 7
Wages, tips, and other compensation paid during the second quarter of 2020: $244,798
Income tax withheld from employees: $48,000
Social Security tax withheld from employees: $15,177.48
Medicare tax withheld from employees: $3,549.57
Monthly tax liability: | |
April | $28,484.79 |
---|---|
May | 28,484.79 |
June | 28,484.80 |
For Veryclear Glassware (California Employer Account Number 999-9999-9), complete the following State of California Form DE-9, Quarterly Contribution and Report of Wages Report. Use 5.4 percent as the UI rate with a cap of $7,000 per employee, 0.1 percent as the ETT rate also with a cap of $7,000 per employee, and 1 percent as the SDI rate with a cap of $122,909 per employee. All employees have worked the full quarter with the company, and all wages are subject to UI, ETT, and SDI. The California PIT taxes withheld for the quarter are $4,068. The company has deposited $6,656.18 for the quarter. Samantha Peoples submitted the form on 7/15/2020.
-(NOTE): Instructions on format can be found on certain cells within the forms. Round your percentage answers for Cells D and E to 3 decimal places (e.g. 9.5% = 0.095) and all other numerical answers to 2 decimal places.
Please help with the SDI taxable wages.
OUT OF BUSINESS DATE ADDITIONAL FEINS 244,798.00 C TOTAL SUBJECT WAGES PAID THIS QUARTER D. UNEMPLOYMENT INSURANCE (UI) (Total Employee Wages up to $ (D1) I Rate (D2) UI TAXABLE WAGES FOR THE QUARTER 0.054 TIMES 49,000.00 per employee per calendar year (D3) UI CONTRIBUTIONS 2.646.00 E. EMPLOYMENT TRAINING TAX (ET) (E1) ETT RATE 0.001 TIMES Taxable Wages for the Quarter (D2) (E2) ETT CONTRIBUTIONS 49.00 E STATE DISABILITY INSURANCE (SDI) (Total Employee Wages up to $ (F1) SDI Rate (F2) SDI TAXABLE WAGES FOR THE QUARTER 0.01 TIMES 49,000.00 per employee per calendar year (F3) SDI EMPLOYEE CONTRIBUTIONS WITHHELD 490.00 G. CALIFORNIA PERSONAL INCOME TAX (PIT) WITHHELD 4,068.00 H. SUBTOTAL (Add Items D3, E2, F3, and G) 7.253.00 6.656.18 I LESS CONTRIBUTIONS AND WITHHOLDINGS PAID FOR THE QUARTER (DO NOT INCLUDE PENALTY AND INTEREST PAYMENTS) J. TOTAL TAXES DUE OR OVERPAID (Item H minus ItemI) 596.82 If amount due prepare a Payroll Tax Depose (DE 88). Include the correct payment quarter and mail to Employment Development Department, PO Box 826276. Sacramento, CA 94230Step by Step Solution
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