Managing Your Employees

1) How many employees do you plan to hire?  

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2) What will be the salary of each employee?

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3) Will you offer benefits?
      Yes   No (If "NO," skip to # 5)

 4) List the benefits you plan to offer and the expected cost of each benefit. Benefits include health insurance, 401K plans, vacation time, sick leave, etc.

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5) What is your share of FICA (Social Security and Medicare) for each employee? Refer to the Federal Tax section for more information.

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6) Will you be responsible for paying the unemployment tax? Refer to the Federal Tax section for more information.

 Yes   No

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7) Will you need to obtain Worker's Compensation insurance? Refer to the Federal Regulations section for more information.

 Yes   No

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8) Checklist of Other Requirements

Obtain EIN Number (Requires IRS Form SS-4)
Employee Eligibility Requirement (Requires INS Form I-9)
Registered business with North Carolina Department of Revenue
Met other Federal Tax Requirements

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(9) What is the estimated cost of each employee?

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