| |
|
| |
| Previous Page: 583-How To Get More Information Next Page: 15-Calendar Use   to find additional instances of index items. |
|
Publication Number: 15 | |
Circular E, Employer's Tax Guide | |
(Including 2002 Wage Withholding and Advance Earned Income Credit Payment Tables) | |
| Medicare tax rate Social security tax rate | Changes To Note |
| Social security and Medicare tax for 2002. | |
Redesignation of Estimated Income Tax Payments as Employment Tax Deposits. | |
| If you determine that your income tax liability for your current tax year will be lower than the amount of estimated income tax payments you have already made, you may redesignate estimated income tax payments as employment tax deposits. You may use these redesignated payments to satisfy deposit liabilities for income tax withholding and social security, Medicare, railroad retirement and Federal unemployment taxes. To make this redesignation, call 1-866-562-5227. Be certain that your redesignation of these payments does not result in an underpayment of the estimated income tax for the tax year. You may be subject to a penalty for an underpayment of estimated income tax. | |
Previous Page: 583-How To Get More Information Next Page: 15-Calendar Use to find additional instances of index items. |
|