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Mail your payment to 210 North 1950 West, Salt Lake City, UT 84134-7000. You must file all required tax returns and pay them in full on or before their due date.
Divide the sum of all assessed taxes by the employee's gross pay to determine the percentage of taxes deducted from a paycheck. Taxes can include FICA taxes (Medicare and Social Security), as well as federal and state withholding information found on a W-4.
The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The current rate for Medicare is 1.45% for the employer and 1.45% for the employee, or 2.9% total. Combined, the FICA tax rate is 15.3% of the employees wages. Do any of your employees make over $137,700?
You can pay your Utah taxes in person by check, money order, cash or credit card at a Utah State Tax Commission office. See Visit Us In Person for a list of USTC offices.
Payments can be made online by e-check (ACH debit) at tap.utah.gov. TAP includes many free services such as tax filing and payment and the ability to manage your account online. There is no fee when paying by e-check through the online system.
Withholding Formula (Effective Pay Period 16, 2020) Multiply the annual taxable wages by 4.95 percent to determine the annual gross tax amount. Calculate the annual withholding allowance. If the employee has not filed a W-4, skip this step. The annual withholding allowance is zero if a W-4 has not been filed.
To determine the total amount of money deducted from your paychecks, add up the amounts you've calculated for FICA taxes, income taxes, and other deductions, then subtract that total amount from your annual gross pay. What's left is your net pay.
All taxpayers in Utah pay a 4.95% state income tax rate, regardless of filing status or income tier.
Mail your payment to 210 North 1950 West, Salt Lake City, UT 84134-7000. You must file all required tax returns and pay them in full on or before their due date.