When you process payroll, not only are your employees subject to tax withholding, but your business must pay employer contributions to Social Security, unemployment insurance and Medicare. Most ...

Retail business owners who hire employees are required to withhold payroll taxes. When you withhold payroll taxes, you must withhold and pay a portion of each employee's check to cover federal income ...

Payroll taxes are deducted from an employee’s paycheck specifically for Social Security, Medicare, and unemployment. Confusion about FICA vs FUTA arises because both are similarly named types of ...

How to calculate what you owe the federal and state governments Reviewed by Lea D. Uradu Fact checked by Suzanne Kvilhaug ...

(Updated April 15, 2020: The SBA has provided additional guidance on how individuals with self-employment income who file a Schedule C, with and without employee. If you would like additional ...