PAYROLL TAXES

Company to Pay: INTERNAL REVENUE SERVICE (IRS) The IRS Pays United States Bills

Company to Pay: FRANCHISE TAX BOARD (FTB)

The FTB Pays State Bills

What is the amount before taxes called ?

What is the amount after taxes called ?

You may ask, who the heck is the EDD ??! 

"EDD" stands for Employment Development Department and they manage California's FTB taxes.

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Yes, it can be confusing. There are many taxes and departments.

So we'll take it step by step and come back to EDD later.

LET'S REVIEW

That was a lot of work. Good job!  

Let's take a break for now.

Do you think you could be penalized for incorrectly filling a W4 ?

LET'S PRACTICE !