Payroll FAQs
February 24, 2021 | posted by Abacus Payroll
What is your payroll FAQ about? Federal Taxes Q: As an employer, what are my federal payroll tax responsibilities for 2021? A: FICA rates require a 6.2% Social Security tax and 1.45% Medicare tax. There is an additional Medicare surtax of 0.9% for incomes exceeding $200,000 to be withheld from each employee’s paycheck. The employer’s match […]
