INTERNET MARKETING

INTERNET MARKETING

INTERNET MARKETING

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 States With No Corporate Income Tax Rate
 Ohio
Nevada
South Dakota
Texas
Washington
Wyoming 
Key Economic Indicators 
Item  Rate 
CPI: 0.1% (Sep 2018) 
GDP Growth:   4.2% (2nd QTR 2018)
Bank Prime Interest Rate:   5.25%
Consumer Confidence:  138.4% (Sep 2018) 
Small Biz Confidence:  107.9% (Sep 2018) 
Avg Gas Price:  $2.91 
 
 
 
 
 

 

 

 

 

 

 

 

 

 

 

 

 

What Are Payroll Taxes

Payroll taxes are taxes collected from an employee's paycheck by the employer and paid to the state or federal government as well as those matching funds the employer is required to pay.  These include:

Social Security (FICA)
Medicare (FICA)
Personal Income Tax (Federal/State)
Unemployment Insurance (FUTA & SUTA)

Withholding payroll taxes is a complicated task.  The best way to approach this task is to use a payroll software or service.

Who Pays Payroll Taxes

Payroll taxes are paid by both the employee and employer.  In some cases only the employer is required to pay.

What Are the Payroll Tax Rates

Employee:  
Social Security 6.2% (now 4.2% until DEC 2012)
Medicare 1.45%
Personal Income Tax See rates by (Federal or State)
Unemployment Insurance Only AK, NJ & PA have personal rates
Employer:  
Social Security 6.2%
Medicare 1.45%
Unemployment Insurance 6.2% = federal
states rates vary

Paying Payroll Taxes

Payroll taxes are normally paid at different intervals.  Learn what the state and federal guidelines are.
 

 

Withholding Payroll Taxes

Follow these guidelines to learn about withholding payroll taxes.

Resources

Federal Tax Withholding and Estimated Tax Guidelines

IRS Guidelines Governing Tax Deposits

FITW/FICA (Federal Income Tax Withholding/Federal Insurance Contributions Act)
 

FUTA (Federal Unemployment Insurance)

 

 

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