What is payroll tax? - ENGAGE CPAs Education

Описание к видео What is payroll tax? - ENGAGE CPAs Education

Payroll taxes are paid by the employer, on behalf of an employee. So if you hire someone at $15/hour or at a salary of $2,000 a month, you'll also be paying the IRS payroll taxes on their behalf. This is important to factor into your cash projections.

But payroll taxes also affect business owners in the form of self-employment taxes, depending on how the business entity is set up.

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