2006-07-22 02:53:06 · 8 answers · asked by amanda d 2 in Business & Finance ➔ Careers & Employment
As I understand it......Yes
2006-07-22 02:57:14 · answer #1 · answered by texas_kali 2 · 0⤊ 0⤋
The employer does pay half of the social security taxes so if you pay $100 then the employer does too.
I'm not sure about federal taxes, but you can check the IRS site
http://www.irs.gov
2006-07-22 09:59:23 · answer #2 · answered by JLMelvin 5 · 0⤊ 0⤋
Social security and medicare tax are split in half (6+%). You pay for your half, your employer pays for the other. You pay for your own federal tax (25%) and state tax, and your employer pays for his own federal tax (25%) and state tax.
Insurance varies as well, the employer usually pays for 70-90% of the insurance premiums (about $500 per person) and the employee pays for the rest.
Depending on the company, employers usually spend on average $50-$200/hour per person, 10K-30K per person/month or $1M-3M/month. That covers supplies, rent, equipment, insurance, benefits, retirement, salary, taxes, etc...
2006-07-22 11:20:24 · answer #3 · answered by rflatshoe 3 · 0⤊ 0⤋
He has to match the social security
people who are self employed have to pay that themselves, so they are double taxed.
Also the employer has to pay for insurance on each person incase they get hurt, it's very expensive.
Also pay a tax incase you get laid off.
It is really expensive for a business to have employees, I really don't know how they stay in business with all the taxes they have to pay.
2006-07-22 09:57:23 · answer #4 · answered by You may be right 7 · 0⤊ 0⤋
yes...or your employer will be in serious trouble with the irs. the government will shut down a business for non-payment of taxes.
2006-07-22 09:58:22 · answer #5 · answered by kk 3 · 0⤊ 0⤋
where I am from, we pay income tax, canada pension, and unemplyement insurance that comes off our cheque. our employer submits the income tax, and our canada pension plus they put in the same amount that we pay, and for unemployment insurance our deduction plus they pay 1.4% of our deduction to the government... so yes these deductions are for the government and not for him, as at the year end you will be declaring your deductions on your income tax when you file...
2006-07-22 09:59:57 · answer #6 · answered by sswan007 3 · 0⤊ 0⤋
something like that.
I don't know if its dollar for dollar but employers do pay taxes.
2006-07-22 09:57:06 · answer #7 · answered by Anonymous · 0⤊ 0⤋
By law he must; if not he is commiting a crime and can face criminal penalties. If you have any legitimate reason to believe he is not, you can report him to the IRS for investigation.
2006-07-22 09:58:38 · answer #8 · answered by bottleblondemama 7 · 0⤊ 0⤋