fica122
Apr 30, 2009, 12:59 AM
I am share holder for a NJ based consulting firm, Our CPA has given the following guide lines
1) for H1b we have with hold state+fed+social+ Med and company has to pay employer taxes equal amount of FICA(social+med) which I agree
2) for opt and cpt we have to withhold state+fed and we have to pay employer taxes of 13%?? Is this right?? We have been doing this for last 3 years, if this is not right how do we clam back the employer taxes we paid for opt employees.
Thanks your answers is appreciated...
1) for H1b we have with hold state+fed+social+ Med and company has to pay employer taxes equal amount of FICA(social+med) which I agree
2) for opt and cpt we have to withhold state+fed and we have to pay employer taxes of 13%?? Is this right?? We have been doing this for last 3 years, if this is not right how do we clam back the employer taxes we paid for opt employees.
Thanks your answers is appreciated...