Asked by
Griffin Parriott
on Nov 15, 2024Verified
The employer's payroll taxes reduce the employee's paycheck.
Payroll Taxes
Taxes that are withheld from employees' wages or salaries by employers and paid directly to the government, including Social Security and Medicare taxes.
- Clarify the impact of employer payroll taxes on employee paychecks.
Verified Answer
GD
Learning Objectives
- Clarify the impact of employer payroll taxes on employee paychecks.