Sentences with phrase «withheld social security contributions»
Accelerates to twice monthly the frequency with which States are required to deposit withheld Social Security contributions.
https://www.ssa.gov/ Not exact matches
Your employer will match those contributions, and the combination of your withholding and your employer's contributions will pay in to the Social Security and Medicare systems for you.
Third, the tax giveaway includes a $ 120 billion reduction in Social Security contributions by labor — reducing the FICA wage withholding from 6.2 per cent to 4.2 per cent.
If your employer does not participate in the Social Security system, then you will not be required to have Social Security contributions withheld from your pay.
In addition, a person needs to file an income tax return if she sold her home during the tax year; owes taxes because of a retirement account from distributions or excess contributions; or owes Social Security and Medicare taxes on tips not reported to an employer or on wages for which the employer did not withhold taxes.
You draft paychecks for your employees and withhold income tax and FICA taxes (Social Security and Medicare contributions) as usual.
[My company] will not be eligible to participate in any vacation, group medical or life insurance, disability, profit sharing or retirement benefits or any other fringe benefits or benefit plans offered by the Client to its employees, and the Client will not be responsible for withholding or paying any income, payroll, Social Security or other federal, state or local taxes, making any insurance contributions, including unemployment or disability, or obtaining worker's compensation insurance on [My company's] behalf.
If your assistant is an employee, you are responsible for withholding income taxes and the employee's share of FICA — Social Security payments and Medicare contributions — from all wages, bonuses, and commissions you pay.