{"id":1127,"date":"2022-08-01T17:11:32","date_gmt":"2022-08-01T17:11:32","guid":{"rendered":"https:\/\/taxreliefprofessional.com\/?p=1127"},"modified":"2023-09-25T20:21:39","modified_gmt":"2023-09-25T20:21:39","slug":"what-are-payroll-taxes-a-guide","status":"publish","type":"post","link":"https:\/\/taxreliefprofessional.com\/filing-taxes\/what-are-payroll-taxes-a-guide","title":{"rendered":"What Are Payroll Taxes? A Guide"},"content":{"rendered":"\n

About 36 percent<\/a> of the federal government gets funded by employment or payroll taxes, while individual income taxes cover another 50 percent.<\/p>\n\n\n\n

What are payroll taxes, who pays them, and what happens if you don’t? You might be familiar with them if you run a business, but some business owners neglect them thinking it’s up to the employee to make sure they get paid. But the government expects them to be taken out before distributing wages, leaving you with serious tax penalties if you haven’t been doing so.<\/p>\n\n\n\n

Need some help understanding payroll tax and what you need to do? This guide will get you on track with understanding these important employment taxes.<\/p>\n\n\n\n

What Are Payroll Taxes?<\/h2>\n\n\n\n

These taxes are frequently called payroll taxes<\/a> since employers take them out of the payroll. It’s worth noting that the federal government calls these employment taxes and defines social insurance contributions as payroll taxes, but only on certain forms.<\/p>\n\n\n\n

Payroll taxes get paid on wages, salaries, and tips to finance the federal government. There are four basic types to know about:<\/p>\n\n\n\n