The Basics on Payroll Tax
Alimony can also be tax-free if you’re the one paying the payments. So, the amount of alimony can be deducted from your taxable income. To help you understand what are taxable benefits and non-taxable benefits more, this article has outlined below the different types of income you may receive. You pay unemployment insurance based on what tax agencies call a wage base, which is a cap on the wages subject to a particular tax.Depending on where you live and work, you might also be subject to a state income tax.States also impose payroll taxes to fund unemployment insurance (UI) programs; these taxes are paid by employers, not employees.Offer health, dental, vision and more to recruit & retain employees.The FICA tax rate is 7.65%—1.45% for Medicare and 6.2% for Social Security…