Asked by
C?m Tú Nguy?n
on Oct 28, 2024Verified
An employee has an obligation to pay his payroll taxes to the employer.
Payroll Taxes
Taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.
Employee
An individual who works part-time or full-time under a contract of employment, contributing labor and expertise to an employer.
Employer
An individual or organization that hires and pays people to work.
- Comprehend the obligations related to FICA taxes for both the employer and the employee.
Verified Answer
GK
Learning Objectives
- Comprehend the obligations related to FICA taxes for both the employer and the employee.