In most cases, the federal payroll tax rate is about 15.3%, with the employee covering … See more

In addition to the federal taxes, you may be responsible for state payroll taxes. The most common state payroll tax pays for state unemployment insurance (SUTA tax), of which yo… See more

You may be subject to further payroll taxes based on the Zip code, county or municipality where your business is based. These taxes can pay for various local projects, su… See more

The Social Security Administration sets an annual maximum limit on the amount of any employee’s wages that’s subject to the Social Security tax. This is called the contributio… See more

Generally, when people refer to “payroll taxes,” they’re talking about FICA and FUTA taxes and additional state or local taxes. The other major tax you file when you run pa… See more