You should only include the "employer" portion of the taxes.
To find the correct numbers from your Payroll Returns to determine payroll taxes paid, please use these figures:
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Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return: Line 12 (Total FUTA tax after adjustments)
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Form 941: Add boxes 5a and 5c, then divide by 2 to calculate employer's match for Social security and Medicare taxes.
- Your State most likely has an Unemployment Tax as well which requires you to file a return, so be sure to include that figure.
- You do not claim any taxes withheld from your Employee's pay as a payroll expense. This is because you have already claimed their "gross pay" as a deduction under Wages.
