Information literacy, while showing significant overlap with information technology skills, is a distinct and broader area of competence. Increasingly, information technology skills are interwoven with, and support, information literacy.
The law requires that payroll taxes must be withheld from an employee's paycheck. Learn how to calculate and report deductions. The law requires that payroll taxes must be withheld from an employee's paycheck. 1  Employers must then transmit these withholdings to various tax agencies. Payroll tax deductions include the following: 2  Federal income tax withholding (based on withholding tables in Publication 15)
People who work for themselves pay a self-employment tax â the Self Employment Contributions Act (SECA) tax â to fund Social Security and Medicare. These taxes are equivalent to FICA taxes; the same basic rates and caps effectively apply. A third federal payroll tax is the Federal Unemployment Tax Act (FUTA) tax.