How much do employers pay in payroll taxes?
By Forinfos - 06/12/2025 - 0 comments
Payroll taxes are shared by employer and employee, with the employer's portion amounting to a total of 7.65 percent for the 2013 tax year. Payroll taxes are made up of Social Security and Medicare taxes.
According to the IRS, employees pay these taxes while they work and then receive the benefits of these programs when they retire. Self-employed persons pay both the employee and the employer portions of the payroll tax. This is termed self-employment taxes and amounts to 12.4 percent for the Social Security tax and 2.9 percent for the Medicare tax for the 2013 tax year, according to Turbo Tax.
Related Articles
How long must an employer keep payroll records?
What is the VITAS employee payroll system?
How do you do payroll for an employee?
What are payroll taxes?
How do you calculate payroll taxes?
What is an employee payroll used for?
How much does Lowes pay its employees?
How do employees of Pilgrim's Pride obtain a payroll stub?
How do you use ADP for employee payroll?
How much does Publix pay its employees?
Trending Articles
What is "Agenda 21" by Glenn Beck about?
What are some popular greeting card messages?
What power did Medusa have?
Is Teresa Earnhardt remarried?
What is the movie "Supercross" about?
What are some popular DVD releases for families?
What are the highlights of the Mecum auctions in Kissimmee?
What are some movies starring Kevin Bacon?
What is Rogers TV?
Who is Amanda de Cadenet?

Comments
Write a comment