With business bookkeeping and basic tax tips for new and old entrepenuers

Wednesday, September 30, 2009

Payroll Taxes

Payroll Taxes should include social security, medicare, state unemployment and federal unemployment taxes. There are taxes that are paid by both the employee and employer, and there are some that are paid by only the employer. You can also break down between these two types on your bookkeeping so you know how much is the employer portion, and how much is the employee portion which comes out of their wages.

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