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2002
wages 11,091 IRS said I owed 2796.00 in employee taxes

2003
wages 35,150 IRS said I owed 12,407.96 in employee taxes

2004
wages 22,215 IRS said I owed 7841.88 in employee taxes

2005
wages 28,750 IRS said I owed 10,148.76 in employee taxes

Submitted: 892 days and 14 hours ago.
Category: Tax
Value: $30
Status: AWAITING CUSTOMER ACTION
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Accepted Answer

2002 fica 687.64/687.64, medicare 160.82/160.82 fwt 10

2003 fica 2179.30/2179.30, medicare 509.68/509.68 fwt 7030

2004 fica 1377.33/1377.33 medicare 322.12/322.12 fwt 4443.09

2005 fica 1782.5/1782.5 medicare 416.88/416.88 fwt 5750

 

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Expert: Steven Meyerson, CPA
Pos. Feedback: 98.8 %
Accepts: 1343
Answered: 10/12/2007

Certified Public Accountant (CPA)

CPA, Over 29 yrs experience w/individuals and small businesses. Masters in Tax, Divorce Specialist

892 days and 8 hours ago.

Reply

Good job, I still don't understand is the fwt the total for the year or do I add them all together.

892 days and 7 hours ago.

Reply

I asked the question twice and got two different answer :(

Posted by Steven Meyerson, CPA 892 days and 5 hours ago.

Answer

Rick -

The federal withholding is the total for the year. 2002 should be 1099.08.

The other amounts are also the totals for the year employee/employer portions.

I am unable to access the other answer so I can't explain the differences.

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