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You figure self-employment tax (SE tax) yourself using Schedule SE (Form 1040). Social Security and Medicare taxes of most wage earners are figured by their employers. Also you can deduct the employer-equivalent portion of your SE tax in figuring your adjusted gross income.
In addition to Form W-4, be sure to have your new employee complete any tax forms that may be required under state law. New hire reporting. Employers are required to report new employees to a designated state new hire registry within 20 days of the date of hire (or sooner, depending on the state). Many states accept a copy of Form W-4 with certain information added by the employer.