payroll taxes Guide

Where Does Payroll Taxes Go On Schedule C Section

Where Does Payroll Taxes Go On Schedule C Navigation


Taxes Guide Home Page
Tell A Friend about us
How To Figure Taxes On Payroll |
Taxes Withheld Payroll Check |
941 Federal Payroll Taxes |
Accounting Bookkeeping Payroll Taxes Office Manager Manager |
Mandatory Payroll Taxes Il |
Paying Payroll Taxes Late |
Payroll And Withhold Taxes For Employees |
Run Employee State Income Payroll Taxes For Fifty States |
Payroll Taxes Limits |
Payroll Taxes Limits |
Taxes Withheld Payroll Taxes |
Federal Income Tax Payroll Taxes Deduction For Employers |
New Jersey Payroll Taxes |
Payroll Check Taxes |
Payroll Taxes Commissions |

List of payroll-taxes Articles

Where Does Payroll Taxes Go On Schedule C Best seller

Buy it Now!

Best Where Does Payroll Taxes Go On Schedule C products

TurboTax - Choose Easy

Social bookmarking
You like it? Share it!
socialize it


Subscribe to our newsletter AND receive our exclusive Special Report on payroll-taxes
First Name:

Main Where Does Payroll Taxes Go On Schedule C sponsors



Welcome to payroll taxes Guide

Click here for Tax Liens Made Easy

Where Does Payroll Taxes Go On Schedule C Article

. For a permanent link to this article, or to bookmark it for further reading, click here.

My Payroll Payroll Taxes


Have you ever wondered why all that money is being deducted from your paycheck? After all, you work hard for what you earn and you end up losing quite a bit of it to taxes. If you are curious about this, then you should learn about payroll payroll taxes. You will be able to better understand what gets taken out of your check and why it gets taken out in the first place. There are many reasons for this and it will help you greatly if you learn why.

There are several kinds of payroll payroll taxes. For instance, federal taxes are taken out of each of your paychecks from your employer. This money isn’t going straight to the government, but is first going to your employer. This money is then sent to the government as a lump sum at the end of the year.

How much federal taxes are taken out depends on so many different factors. It depends on whether you have dependants or if you are married. It also depends on how much money you make. These payroll payroll taxes then go to the government to help with the national deficit and other aspects of the government.

Depending on the state that you work in, there are also state taxes. These are very similar to the federal taxes except they go to your state rather than to the general federal government. These payroll payroll taxes are pretty straightforward.

The last thing that gets taken out of your paycheque is the FICA payroll payroll taxes. These are the social security and Medicare taxes. These are taxes that can directly help you. For example, social security is a retirement fund that you receive when you get older. Medicare is a health program for people who don’t make a lot of money. These are good things that your money can go to.

The main thing that makes FICA taxes different from the others is that it is a set percentage that is deducted from your check. The social security tax is 6.2% and the Medicare tax is 1.45%. Not only that, but your employer must match what you pay as well. This particular tax is a joint venture with you and your employer. You each pay the total 7.65% each.

Now that you know why and what for the taxes are being deducted from your paycheque, you may feel a lot better about it. These are required and you have to pay them, but it’s often better to at least know why it has to happen and where the money goes.

Christine Gray is a recognized authority on the subject of Online Taxes. Her website Taxes Exposed provides a wealth of information on everything you will need to know about Payroll Taxes. All rights reserved. Articles may be reprinted as long as the content and links remains intact and unchanged.

Other Where Does Payroll Taxes Go On Schedule C related Articles

Personal Liability For Corporate Payroll Taxes In Iowa
Payroll Payroll Taxes
Employer Payroll Taxes
Payroll Taxes And Personal Liability
Texas Payroll Taxes

Do you want to contribute to our site : submit your articles HERE


Where Does Payroll Taxes Go On Schedule C News

No relevant info was found on this topic.