2010 HIRE Bill checklist HTML

New Hire Checklist & Calculator
Employee: Hire Date:
Instructions: Questions 1-5 must be "Yes", question 6 must be "No" for the employee to qualify for the FICA exemption and the new hire credit. Yes No

1. Was the employee hired after 2/3/2010?
2. Was the employee unemployed for the previous 60 days, or
worked less than 40 hours (total) in the previous 60 days?
3. Has the employee signed an affidavit attesting to the
unemployment tests above?
4. Was the employee hired before 1/1/2011?
5. Is the employee unrelated to the business owner?

6. Was the employee hired to replace another employee (except
those who left voluntarily or were terminated for cause)?

If questions 1-5 above are yes, and question 6 is no, continue to the calculator below.

a. Number of days in 2010 after 3/18/2010 that employee was
employed by company for annualization where needed
b. Annual salary
c. Gross wages after 3/18/2010 or annualized amount (a/365 x b)
d. Less excess wages over 106,800
e. Net qualifying wages
f. Multiple line "e" by .062 equals 2010 employer FICA exemption