- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
Got an LLC with ONE employee. When doing taxes, do I fill total GROSS WAGES for employee on my schedule C form, or do I fill net gross and separately SS and medicare tax?
Topics:
1 Best answer
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
Got an LLC with ONE employee. When doing taxes, do I fill total GROSS WAGES for employee on my schedule C form, or do I fill net gross and separately SS and medicare tax?
On the schedule C, you report your emplyee's gross wages under Wages (line 26). Your employer's share of SS and Medicare and federal and state unemployment taxes are reported under Taxes and licenses (line 23).
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
1 Reply
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
Got an LLC with ONE employee. When doing taxes, do I fill total GROSS WAGES for employee on my schedule C form, or do I fill net gross and separately SS and medicare tax?
On the schedule C, you report your emplyee's gross wages under Wages (line 26). Your employer's share of SS and Medicare and federal and state unemployment taxes are reported under Taxes and licenses (line 23).
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"