Results 1 to 10 of 12

Hybrid View

  1. #1

    Default Re: What is Taxable Gross when You Report Income to EDD

    Oh, OK. I thought when they did these quarterly reports and they find someone receiving benefits, EDD will ask the employer to submit a weekly pay report (so they can match it with what I report on my forms). Or, is that only done during special circumstances? Would it matter in this case if it's only off by a few dollars?

    And, since I get paid bi-weekly, would the pay adjustment only happen at payroll or would they deduct it when they report the weekly amount to EDD during benefit audits?

    A wise person did tell me to look at it this way: Pretend they were handing the money to me directly, what would I get? That's what I would report, she said.

  2. #2
    Join Date
    Dec 2007
    Posts
    2,357

    Default Re: What is Taxable Gross when You Report Income to EDD

    That is correct. The quarterly reports on which benefits are calculated have a different definition, and that's something you really can't do anything about; the instructions are what they are.

    Here's how it works. When the state processes the quarterly reports (which are due the end of the month following the end of the quarter), they do a cross-reference, and they will see that desertgal received benefits for weeks ending 1, 3, 4, 7, and 10 of the quarter. They then send a form to the employer that reported wages for the quarter for desertgal. They ask, for weeks ending 1, 3, 4, 7, and 10, what was the gross pay you paid desertgal (the pay frequency is irrelevant). The employer is instructed to report gross pay only; in that case, it will be $9.70 per hour times the hours you worked. If I remember correctly, the form also asks what days of those weeks desertgal worked, but not the hours on each day.

    Does that make it clearer at all?

  3. #3

    Default Re: What is Taxable Gross when You Report Income to EDD

    Thanks! I think I got it. I mean, it should be common sense, why report income that I'm not receiving? The paystub just makes it look strange. I am just concerned that the pay reduction adjustment is only calculated at the time of payroll (which is bi-weekly) so if they were asking for weekly wages, it would not be calculated and the original amount would be listed as my income.

    I guess if something's wrong, they will let me know and I can explain it to them. I also list my self-employment income, too, but I've already been approved for that it it's noted in my record.

    1. Sponsored Links
       

Similar Threads

  1. Federal Taxes: When Are Settlements Taxable Income
    By momm2500 in forum Tax Law
    Replies: 5
    Last Post: 06-26-2011, 10:29 PM
  2. Short Sales and 1099 Taxable Income
    By kimmyraed in forum Buying, Selling and Conveying Real Estate
    Replies: 1
    Last Post: 04-28-2011, 06:06 AM
  3. W-9 Taxable Income
    By rydg18 in forum Tax Law
    Replies: 2
    Last Post: 12-31-2009, 06:54 PM
  4. Can Taxable Income Be a Negative Number
    By mykail in forum Tax Law
    Replies: 5
    Last Post: 04-02-2009, 07:52 AM
  5. Federal Taxes: Student Loan Debt and Taxable Income
    By pacoima1963 in forum Tax Law
    Replies: 1
    Last Post: 01-22-2009, 07:07 PM
 
 
Sponsored Links

Legal Help, Information and Resources