Instructions For Form De 88/de 88all - Payroll Tax Deposit Coupon - Employment Development Department Page 8
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15HOW TO CALCULATE PAYMENT AMOUNTS - PIT PAYMENT AMOUNTS
HOW TO CALCULATE A PIT DEPOSIT:
· Based on federal deposit requirements, monthly deposits must be made.
Example:
· The total PIT withheld during the pay period was $600.00.
Calculation:
Total PIT Withheld = Total PIT to Deposit
$600.00
(ENTER IN BOX 4D ON COUPON)
HOW TO CALCULATE A PIT QUARTERLY PAYMENT:
IF PIT DEPOSITS HAVE BEEN MADE:
· The total PIT withheld during the quarter was $1,700.00.
Example:
· The total PIT deposited during the quarter was $1,500.00.
(NOTE: Frequently, if deposits are being made during the quarter, there will not be any PIT withholding included
with the Quarterly Payment.)
Calculation:
Total PIT Withheld
$1,700.00
–
Total PIT Deposited
–1,500.00
PIT QUARTERLY PAYMENT DUE
$ 200.00
(ENTER IN BOX 4D ON COUPON)
IF PIT PREPAYMENTS HAVE NOT BEEN MADE:
· Total PIT withheld during the quarter was $250.00.
Example:
Calculation:
Total PIT Withheld
$ 250.00
–
Total PIT Deposited
–
0.00
PIT QUARTERLY PAYMENT DUE
$ 250.00
(ENTER IN BOX 4D ON COUPON)
HOW TO CALCULATE PAYMENT AMOUNTS - PENALTY AMOUNTS
PENALTY FOR A LATE DEPOSIT
A 10% penalty will be charged on any late deposit. For deposits, the penalty can only be charged on SDI and PIT amounts since
depositing these withholdings is required by law. DO NOT include any UI and ETT prepayment amounts when calculating penalty
since prepayment of these taxes is voluntary.
· The SDI deposit amount is $45.00.
Example:
· The PIT deposit amount is $600.00.
· The penalty for a late deposit is 10% (.10).
Calculation:
SDI Deposit Amount
$ 45.00
+
PIT Deposit Amount
+600.00
Total Amount Subject to Penalty
$645.00
x
10% Penalty
x
.10
TOTAL PENALTY DUE
$ 64.50
(ENTER IN BOX 4E ON COUPON)
DE 88ALL-I Rev. 14 (1-02) (INTERNET)
Page 7 of 14
CU
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