When you process payroll, not only are your employees subject to tax withholding, but your business must pay employer contributions to Social Security, unemployment insurance and Medicare. Most ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Of your many responsibilities as a small business owner, ensuring that your employees’ pay is calculated accurately ranks near the top of the list. That includes withholding the correct amounts for ...

A bonus is a supplemental amount paid over and above what is normally due to an employee. There are a variety of ways companies determine the amount of a bonus. When it comes to completing payroll, ...

Payroll taxes are deducted from an employee’s paycheck specifically for Social Security, Medicare, and unemployment. Confusion about FICA vs FUTA arises because both are similarly named types of ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science in ...

If you personally employ a nanny, housekeeper, gardener or maid, you may have to pay payroll taxes. Learn when you should pay, what you should withhold and what forms you need to use. Properly ...

Anyone who makes more than $176,100 didn't pay Social Security tax on income above that amount in 2025. In 2026, they'll pay ...