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How to Withhold Payroll Taxes

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Small business owners must withhold payroll taxes to avoid fines and penalties, but what exactly are these payroll taxes? This presentation walks you through the basics of federal income taxes, employment taxes (Social Security and Medicare) along with state and local payroll taxes.

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How to Withhold Payroll Taxes

  1. 1. 5 Tips for Hiring Your First Employee Make the Leap to Hire with Confidence How to Withhold Payroll Taxes What Employers Need to Know
  2. 2. Withholding Payroll Taxes What to Withhold: • Federal Income: Based On How Much the Employee Earns. • Social Security & Medicare: Referred to as FICA (Federal Insurance Contributions Act). • Each has Specific Rates. • State & Local Taxes: Most States have Their Own Income Taxes. Many Localities Also have Income Taxes and are Based On: • City • School District • Or County
  3. 3. Need More Help? Visit The Payroll Blog Today. Discover More Easy. Online. SurePayroll.

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