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Form 944 (PR) Huntington Beach California: What You Should Know

California Unemployment Insurance (CA-UI) Program, Employment Tax Identification Number — ECT 00-0-00-788-0 or 00-0-00-788-1 State of California Unemployment Insurance — ECT Number -00-0-00-788-0 California (CA) Unemployment Insurance Tax (ECT) Application, Tax ID — ECT/ECT_01_12_000788_00022_1 California Tax Year — 2012, Annual Amount (Exemptions, Credits) CALIFORNIA (CA) S.B. 1211 The following list is in no way comprehensive, and this is by no means an exhaustive list of the California Income Tax. The information below should allow for further verification to determine if your tax situation is truly unique. Please call for a more complete list of all allowable deductions. You should verify with your accountant before paying any amount, as some information may not apply to you. Calculate and report Social Security / Medicare / Child & Dependent Medical The following information is accurate as of 8/18/16. The information below is subject to change. Federal Income Tax Deduction for California Businesses To qualify for a deduction (or in some cases a credit) for California business income, you'll need to have a total income of 250,000.00 OR you must report 500,000 in taxable income (250,000 0.250) minus any expenses, commissions, or bonuses. In California, most businesses are classified as C corporations. However, California does not have an income tax, so you aren't limited to a C Corp. California does NOT impose an annual salary limitation on C Corp. members.

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