***payroll expenses on bench****

[TinguRanga01]

Guys.. maa vaadu project lenappudu pay roll run chesadu for 2900$ for 15 days payperiod. daniki 12.5% or 2900$ teesukunnadu payroll expenses ani naa daggara collect chesadu...

how does he come up with that? i mean is that the employer tax? by the way payroll texas lo run chesadu.

[andhrabullet]

Yes enployer tax

[TinguRanga01]

@andhrabullet  12.5% untada tax... ekkado teda koduthundi ..

[andhrabullet]

Employers have numerous payroll tax withholding and payment obligations. Of the utmost importance is the proper payment of what are commonly known as FICA taxes. FICA taxes are somewhat unique in that there is required withholding from an employee's wages as well as an employer's portion of the taxes that must be paid.

The Federal Insurance Contributions Act (FICA) is the federal law that requires you to withhold three separate taxes from the wagesyou pay your employees. FICA is comprised of:

• a 6.2 percent Social Security tax;
• a 1.45 percent Medicare tax (the “regular” Medicare tax); and
• beginning in 2013, a 0.9 percent Medicare surtax when the employee earns over $200,000.

You must withhold these amounts from an employee's wages.

The law also requires you to pay the employer's portion of two of these taxes:

• a 6.2 percent Social Security tax; and
• a 1.45 percent Medicare tax (the “regular” Medicare tax).

[TinguRanga01]

so 7.65% kadaaa..? maa vaadu why 12.5% ?

[boeing747]

44 minutes ago, TinguRanga01 said:

so 7.65% kadaaa..? maa vaadu why 12.5% ?

profit