3 Things Your Employees Should Know About Payroll Taxes
Payroll Taxes - Terms to Know FICA (Federal Insurance Contributions Act) - The law requires employers to withhold payroll taxes from employee earnings to fund the Social Security and Medicare programs. These are called (FICA) taxes. Your employer also pays a tax equal to the amount withheld from employee earnings. (SSA.gov) Withholding - Income tax withheld [...]