Payroll Tax
In one sentence: Taxes on wages — primarily Social Security, Medicare, and unemployment.
What it means
FICA is paid half by the employee, half by the employer (or fully by the self-employed). FUTA and SUTA are employer-only.
In one sentence: Taxes on wages — primarily Social Security, Medicare, and unemployment.
FICA is paid half by the employee, half by the employer (or fully by the self-employed). FUTA and SUTA are employer-only.