 |  |
| FREE NEWS ALERTS A free, comprehensive news service to keep small businesses and independent contractors posted on the latest tax developments affecting their operations.
|
|
Tuesday, Dec. 27 Types of Taxes - Payroll, #103If you are an employer and pay wages, you must pay and/or collect employment taxes. Employment taxes consist of the following: Federal Income, Social Security, and Medicare taxes. Federal Income Tax You are required to withhold federal income tax from your employee’s wages. To figure how much federal income tax to withhold from each wage payment, use the employee’s Form W-4 and the methods described in IRS Publication 15. Report taxes… Subscribers have free access to the archives. Click here. |
|
|
