by Andrews Tax Accounting & Bookkeeping | Aug 21, 2019 | Educational
What are Payroll Taxes? Payroll taxes are taxes on the wages of employees which are used to fund social programs (e.g. Social Security and Medicare). The burden is on the employer to pay the tax by withholding said tax from employee’s salaries, but the employee is the...
by Andrews Tax Accounting & Bookkeeping | May 15, 2019 | Educational
The Act Last Monday, Governor Jay Inslee signed the long-term care trust act into law. The law aims to help future taxpayers afford the cost of long-term care. How Will it be Funded? The law will be funded through a payroll tax of 58 cents on every $100 of income. How...
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