Ask CPA Sam

Payroll, Tax, Financial and Other Random Discussions

Entries Tagged ‘making work pay’

A Huge Tax Bill!!!

Feb.05, 2010 in Taxation Leave a Comment

Q. I utilize the withholding calculator on the IRS website to ensure my W-4 amounts are correct. This has gotten me very close to the amounts figured on my 1040 for the past 5-6 years since I’d begun utilizing the calculator.  I do a final check with the calculator after the last pay date in [...]

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Making Work Pay Credit…Doesn’t It

Mar.25, 2009 in Employee, Employer, Payroll 1 Comment

Q. My paycheck increased this week for some reason.  My payroll department says it is because of the Stimulus package that was just passed.  They can’t find any details.  What changed? A. This was supposed to be so easy.  Congress passed legislation giving single individuals a $400 credit for the year and married folks $800 [...]

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