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.

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 !