Protecting Critical U.S. Businesses  (Sep 2018)

The U.S. and Mexico Reached A Free Trade Agreement  (Sep 2018)

Unique SEO Articles Will Enhance Your Small Business  (Sep 2018)

 Evaluate Fertilizer Decisions To Maximize Profit

It will replace NAFTA Canada To Eliminate Class 7 Barrier, Allow More U.S. Access To Dairy Market

B2B Buyers Place A High Priority on DIY Customer Service

 States With No Corporate Income Tax Rate
South Dakota
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

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
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.


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)



SBZ Home

News Home

Extra News Home





                  Report broken links               Contact us              About us           Become a Contributor to this site            Link Exchange 

2012-2015 The Small Business Zone, Inc.  All rights reserved.