How do you account for payroll Expense Wages and payroll Taxes in QuickBooks?
Content How to make payroll tax payments What Makes Up Payroll Taxes? Payroll Expense Tax FAQs Will the tax thresholds change? According to Federal Insurance Contribution Act , a 15.3% tax is imposed on employee wages. For the Social Security Program, both the employee and the employer contribute 6.2% each. In addition, they contribute 1.45% […]