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Form 940 (PR) IN: What You Should Know

S. Source wages includable on Form W-2 (Forms 1099-A and 1099-MISC), you must calculate the total wage for the United States (i.e., state and local) and Puerto Rico tax using the wage computation chart for U.S. employees, shown online. (ii) for wage computation chart for Puerto Rico only or if state and local income tax is not required in one of the above cases, you must calculate the total wage using the wage computation chart for Puerto Rico and report this total on Form 940 (PR). Use 940-PR to report the wages you pay on Form W-2 and Form W-3 that must be added to your gross wages to determine the tax you must pay on each Form 940 (PR) (federal, state and local) you prepare. · If your principal place of business is not in Puerto Rico, you need to include your gross wages on Form W-2 (Forms 1099-A and 1099-MISC) of which the Puerto Rican wage computation chart applies; do not calculate your wages as described in ¶2. B.1.2, below. · For information on Puerto Rico wage computation chart, see the Guide to Federal Unemployment Taxes: Employment Taxes and Employment Tax Calculation, released March 29, 2013. · If you are required to report certain federal and state social security taxes including the social security tax for the Puerto Rican social security program and any state health contribution tax on wages paid to your employees (in Puerto Rico), include these amounts on Form 940 (PR). If Puerto Rico applies the social security tax only to Social Security taxes paid for Puerto Rico residents, see the following questions in the Form 940 FAQ.

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