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Describe the different types of withholdings that you will withhold from an employees gross pay when...

Describe the different types of withholdings that you will withhold from an employees gross pay when doing payroll. Additionally, describe the types of payments that an employer may make regarding payroll for employees.

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Expert Solution

1 Withholding held from employees pay
             Federal income tax witheld
             Social security taxes witheld 6.20%
             Medicare taxes witheld 1.45%
             Charitable contribution
             Union dues deducted
2 Payment Employer make regarding payroll
             Social security taxes witheld 6.20%
             Medicare taxes witheld 1.45%
            Federal Unemployment Tax
            State unemployement tax

ekkarill92 answered 2 years ago
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