Payroll Tax Regulations

Payroll tax regulations require employers to withhold specific taxes from employees’ wages, including Social Security, Medicare, and federal income taxes. Employers must also pay their share of Social Security and Medicare taxes, along with unemployment taxes. These funds support social programs and public services. Employers are responsible for accurately calculating, withholding, and submitting these taxes to federal and state authorities. Non-compliance can lead to penalties. Overall, payroll taxes are essential contributions that fund vital social support systems and must be managed carefully by employers to ensure legal compliance.