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October for Use with Form 941 Rev

October for Use with Form 941 Rev

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line five which features line five a five b five c five d and five e five a taxable social security wages report the total wages sick pay and fringe benefits subject to social security taxes you paid to your employees during the quarter for this purpose sick pay includes payments made by an insurance company to your employees for which you receive timely notice from the insurance company for more information on this see section 6 and publication 15-a here's how the calculation works enter the total amount of wages before any deductions this would be the gross amount now multiply the total amount of wages by the social security rate on taxable wages which for the year 2012 is 10.4 percent or 0.104 as you can see once you make that multiplication the 12 the twelve four eight three dot nine two times ten point four percent your taxable social security wages would be twelve ninety eight point three three line 5b taxable social security tips enter all tips your employees reported to

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