No businessperson wants to get a message from an employee or the Internal Revenue Service saying that payroll taxes were calculated incorrectly. Payroll deductions are usually figured using a computer ...

Here's everything small-business owners need to know about payroll deductions, including which ones are required by law. Many, or all, of the products featured on this page are from our advertising ...

In order to pay your employees correctly each pay period, you need to know how to calculate gross and net pay. Learn how to ensure your payroll is precise.

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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 ...

Social Security withholding is a payroll tax that makes up part of the umbrella FICA deduction withheld from employee paychecks. The other component is the Medicare tax. FICA stands for the Federal ...

Subtract standard deduction and pre-tax contributions to determine taxable income. Use tax tables to estimate federal tax; add state, Social Security, and Medicare taxes. After taxes, subtract ...

We may receive a commission from our partners if you click on a link to review or purchase a product or service. Click to Learn More Payroll refers to a list of employees paid by a company. The term ...

How does my employer know exactly how much tax to deduct from my paycheck?<P>I am fully aware of the IRS tax tables, however, without doing all the calculating by hand, how does the payroll dept. know ...