Depending on who you talk to, the payroll tax is paid by either the employer or the employee. However, there are many misconceptions out there regarding payroll tax. Here are a few facts you should know about this tax. Social Security Almost all Americans must pay Social Security payroll taxes on the income they earn […]
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Divers perform six different types of dives. Five of these are optional, while the other two are mandatory. There are also different body positions used during diving. For example, a diver can be in a tuck or arm-stand position. This will determine the kind of dive they are performing. Divers perform five voluntary dives. Whether […]
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As a former employee, you might have heard about the payroll tax and wondered, “Who pays it?” You pay your employer’s share of Social Security and Medicare as well as your portion. This is because the costs and benefits you receive from your job are higher than your paycheck. However, recently self-employed individuals are also […]
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As a small business owner, understanding payroll taxes is essential. Payroll taxes, also known as social security and Medicare taxes, are taxes employers withhold from employees’ wages. They help pay for government programs. The payroll tax system dates back to the New Deal of Franklin D. Roosevelt. The regular payroll tax is 12.4 per cent […]
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