EU Propose New Copyright Laws (Nov 2018)

CA New Privacy Laws (Nov 2018)

CA Businesses Required Female Board Members (Nov 2018)

How to Transition from IT Employee to Small Business Contractor

5 Investments You Should Make in the New Business

How to Build an iOS App for Your Business

 States With No Corporate Income Tax Rate
South Dakota
Key Economic Indicators 
Item  Rate 
CPI: 0.2% (Nov 2018) 
GDP Growth:   3.5% (3rd QTR 2018)
Bank Prime Interest Rate:   5.25%
Consumer Confidence:  135.7% (Nov 2018) 
Small Biz Confidence:  104.8% (Nov 2018) 
Avg Gas Price:  $2.39 













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.