Federal Payroll Tax Table for 2011, 2012

When processing payroll a crucial part is calculating the federal payroll tax. When determining the exact amount to withhold from your employee’s wages you’ll need to use the federal payroll tax table as a reference.

There are many ways to calculate payroll for your employees. However it is an exact process that must be correct in order to make sure you have paid your employee the right amount, withheld the correct taxes, etc… The IRS offers a publication called the Employer’s Tax guide. This guide will give you all the information to be able to process your payroll correctly. However you must still figure out the tax amounts. I would suggest using an online service such as QuickBooks Payroll.

Using an online service such as QuickBooks Payroll makes this a lot easier. The software does the calculating for you. You are able to download the federal payroll tax table directly into your payroll software. They also offer an online version which pays your employees in 3 easy steps.

1. Create the paycheck online by filling in the form.

2. Approve the paycheck you just created by reviewing it for any errors.

3. Pay your employee either by printing a check or by direct deposit.

Over 1 million businesses use QuickBooks for their payroll. It is easy to use, available at a low cost and has everything you need. They will walk you through the process step by step and offer support at any time.

Processing payroll is a very important part of being an employer. Not only must you calculate precisely your employee’s taxes to be withheld, you as the employer must also make sure you’re paying those taxes to the IRS. There are special forms that must be completed and sent along with your tax payments. QuickBooks provides you with the necessary forms and guides you through the process of paying your payroll taxes.

For more information on federal payroll tax tables visit QuickBooks Payroll today.