Sometimes abbreviated FWT. The tax taken from the employee with each payrun that contributes to the employee’s payment of federal income tax. The amount is determined by the IRS and by the employee’s choice of marital and dependent status on their Form W-4.
The tax that funds the Social Security Administration. Almost all employees are subject to FICA which currently has a tax rate of 6.2% on the first $102,000 of eligible wages. The employer must match the tax in all cases.
The automatic deposit of an employee’s check into a bank account or onto a paycheck debit card of their choice.
Automated Clearing House (ACH) is the name of an electronic network for financial transactions in the United States. ACH processes large volumes of both credit and debit transactions which are originated in batches… ACH credit transfers include direct-deposit payroll payments and payments to contractors and vendors. ACH debit transfers include consumer payments on insurance premiums, mortgage loans, and other kinds of bills. Businesses are also increasingly using ACH to collect from customers online, rather than accepting credit or debit cards. (from Wikipedia)
You can download HIRD Forms (Employee Health Insurance Responsibility Disclosure) here: 2009 HIRD Form 2010 HIRD Form
You can download a Check Signature Form here: Check Signature Form
You can download an Authorization Agreement for Automatic Deposits form here: ACH Form
You can download an Form I-9 (Employment Eligibility Verification) here: http://www.uscis.gov/files/form/i-9.pdf
You can download an Employer’s Tax Guide to Fringe Benefits (Publication 15-B) here: http://www.irs.gov/pub/irs-pdf/p15b.pdf
You can download a Form 2848 (Power of Attorney and Declaration of Representative) here: http://www.irs.gov/pub/irs-pdf/f2848.pdf
Vision Payroll