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Is payroll a variable cost?
If it is administrative payroll then it will not change as change in production of units so in this case it will be fixed cost. If it is selling payroll and if it is vary with the number of units produce or sale then it is variable cost.
Why is payroll classified as semi variable expenses?
Payroll contains the fixed part in the form of the basic salary or the wage paid. Other than that a worker might go for overtime and this comes under the variable part. Moreover any incentive such as commission etc also forms the variable part hence payroll is a semivariable expense.
What are examples of payroll taxes?
Social Security Taxes, FICA, and medicare are payroll taxes.
Can you deduct payroll taxes?
A individual taxpayer cannot deduct payroll taxes on the individual taxpayers income tax return.
What is the payroll taxes on 16000.00?
1,700.00
Is payroll a variable cost?
If it is administrative payroll then it will not change as change in production of units so in this case it will be fixed cost. If it is selling payroll and if it is vary with the number of units produce or sale then it is variable cost.
Is property taxes a variable cost?
no....its a fixed cost
Why is payroll classified as semi variable expenses?
Payroll contains the fixed part in the form of the basic salary or the wage paid. Other than that a worker might go for overtime and this comes under the variable part. Moreover any incentive such as commission etc also forms the variable part hence payroll is a semivariable expense.
What are examples of payroll taxes?
Social Security Taxes, FICA, and medicare are payroll taxes.
What it payroll company does not pay payroll taxes?
Has this happened, or are you just curious? By law the payroll service has to pay the taxes to the government, that are with held.
Can you deduct payroll taxes?
A individual taxpayer cannot deduct payroll taxes on the individual taxpayers income tax return.
Where can I learn more about payroll taxes?
There are certain software that will teach you about payroll taxes. There are also sites that will give you information on what you need to know about what payroll taxes are and which types exist. More information can be found at http://www.payroll-taxes.com/.
What is the payroll taxes on 16000.00?
1,700.00
What are the losses in payroll?
Taxes. ;D
How do you calculate payroll taxes?
With a calculator.
What is the journal entry for overpayment of payroll taxes?
debit payroll taxesCredit cash
What is the difference between income taxes and payroll tax?
Income taxes are used for a wide variety of government activities while payroll taxes pay for specific programs.
