Also do you and your employer pay social security taxes on your income?
2006-12-16 08:37:13 · 4 answers · asked by Titus 5 in Business & Finance ➔ Taxes ➔ Other - Taxes
Yes, to both questions.
Your employer does not pay federal income taxes, but is still responsible for paying payroll taxes such as their half of your social security and medicare.
The employees' wages are still taxable for federal, state (if applicable) and payroll taxes.
2006-12-16 20:30:16 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes and yes. Your income taxes are like anyone else's, and you're covered by social security - you pay half and the employer would pay half, just like a for-profit company.
2006-12-16 15:11:10 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
Yes, an employee of a non-profit organization pays taxes just like everyone else.
2006-12-16 09:31:08 · answer #3 · answered by strawberrycrush 4 · 1⤊ 0⤋
A nonprofit is not required to pay a certain amount to employees and the individual nonprofit's travel reimbursement rate is set as an internal policy. The IRS guidelines only mean that that, currently, a person can be reimbused up to $.485/mile before they have to pay taxes on the overage. I recommend asking your nonprofit's board whether they could increase the mileage reimbursement for your agency, given the high cost of gasoline, etc.
2016-05-22 23:50:50 · answer #4 · answered by Anonymous · 0⤊ 0⤋