How to Estimate Payroll Taxes?

Answer Regular employees don’t have to worry about how to estimate payroll taxes because the employer handles all that for them. But freelancers and independent contractors must figure out how much taxe... Read More »

Top Q&A For: How to Estimate Payroll Taxes

What is the difference between payroll taxes&income taxes?

Payroll taxes and income taxes are two sources of revenue for the government. Payroll taxes are also known as FICA taxes.FunctionPayroll taxes only apply to earned income such as wages, salaries an... Read More »

How to Estimate Car Taxes?

Considering that some counties in the United States charge more than 8 percent sales tax on vehicle sales, it is a good idea to figure out your sales tax before making such a large purchase. If buy... Read More »

How to Pay Payroll Taxes?

Employers are responsible for withholding and paying payroll taxes for employees. They are required to withhold Federal Income Tax, Social Security and Medicare Taxes. You may also be responsible f... Read More »

How to Estimate Self-Employment Taxes?

Self-employed taxpayers must pay twice as much Social Security tax as employees who receive W-2 forms. Those in the latter category must pay 6.2% of their wages in Social Security taxes and 1.45% t... Read More »