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June 2, 2022
Question

Is there a certain % that one should hold out for federal and state tax to pay quaterly?

  • June 2, 2022
  • 1 reply
  • 0 views
Need to find out the percent of tax witholdings for owner of buisness in MS.

1 reply

June 2, 2022

Hi there, @whitakerjonothan.

 

I'm here to help you how to determine your local state tax in QuickBooks Online.

 

Since we are unable to find out the percentage of the local tax that must be paid quarterly, I can direct you to this link, which contains information about withholding taxes in Mississippi. This way, you'll be able to see how much tax you'll have to pay each quarter.

 

You can check this article for further details about setting up local tax withholding for your company and employees: States with local taxes.

 

Kindly update me with the result of the call in the comment. I want to ensure everything is working well for you, and I'm here to provide further assistance and insights. Have a great day!