Match the appropriate forms and due dates for each payroll tax and item.
| Type of Taxes | Form | Due Date |
| FICA Taxes | Form 941 | By April 30, July 31, October 31, and January 31 |
| FUTA Taxes | Form 940 | February 11 2019. |
| California State Unemployment Insurance Tax | DE 6 | Last day of the month in each quater |
| Federal Income Tax Withholdings | Form W-4 | By April 30, July 31, October 31, and January 31 |
| California Income Tax Withholding | DE 4 | Period 03, 2019 |
| California SDI | DE 2501 | no later than 49 days after your disability begins |
| California ETT | DE 9 | Quarterly |
| Each Employee’s Annual Wages/Salaries and Deductions | W-4 | By April 30, July 31, October 31, and January 31 |
| Transmittal Form of all W-2 Information | W-3 | January 31 |
| SECA Taxes | Form 1040 | April 15 |
| Transmittal Form of Form-1099- Miscellaneous | Form 1096 | January 31 |
Forms to use for the following
| Items | Forms |
| Application of Tax Identification Number | Form 1041 |
| Employment Eligibility Verification | Form 1-9 |
| Claim for Martial Status and Withholding Allowances when You Got Hired. | W-4 |
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What are the differences and similarities between the Gift tax and Estate tax?
Gift tax is exempted for donations below $5.34 million. If the amount goes beyond the set figure, the gift can be taxed to up to 40%. It is imperative to note that this figure is not a one-time transfer, but a lifetime cap. On the other hand, estate tax is the taxation imposed on property passed to an individual’s next of kin upon his or her demise.
List the tax from and the amounts you have to use and to report for 2019 gifs.
(1) You gave $14,000 to your son in 2019. Form 709 will be used and the tax will be zero because the amount gifted is less than the annual exclusion.
(2) You gave $15,000 to your daughter in 2019. Form 709 will be used and the tax will be zero because the amount gifted is less than the annual exclusion.
(3) You gave $14,000 to 100 of your friends in 2019. Form 709 will be used and the tax will be zero because the amount gifted is less than the annual exclusion.
(4) You gave $15,000 to 100 of your friends in 2019. Form 709 will be used and the $14,000 will be filed for each friend.
(5) You paid $30,000 of your son’s tuiton directly to his school in 2019. Form 709 can be used and this amount is excluded.
(6) You gave $30,000 to your daughter for her medical expenses in 2019. Form 709 can be used and this amount is excluded.
(7) What is your life time exclusion balance at the end of 2019? You didn’t have any gifs prior to 2019.
It is crucial to note that the lifetime exclusion in 2019 is $11.40 million
2019 tax exclusions 14,000 + 15,000 + 1,400,000 +100,000 + 60,000 = $1,589,000
The exclusion balance by the end of 2019 is $11,400,000 - $1,589,000 =$9,811,000
Deductions and Exemptions of sale tax
Exemptions are employed on necessities of life such as food and health related products.
General public benefits
Industry benefits
Credit for tax paid to other state
Sale for resake
