This 17th century Spanish painter is best known for his portraits of members of the court of the Spanish king. This 19th century Dutch painter was a troubled genius who cut off his own ear in a fit of depression and eventually committed suicide. Starry Night and Sunflowers are two of his best-known paintings.
As an employer, there are a number of federal taxes you need to pay that relate to your employees. As an employer, you not only have to report the taxable income of your business, but there are a number of other federal taxes you need to pay that relate to your employees. This includes federal income tax withholding, Social Security, Medicare and unemployment taxes.
Employer's Quarterly Federal Tax Return. The FICA tax rate (for both the employer and the employee) is 6.2% and the wage base is $97,500 for 2007 and $102,000 for 2008. The Medicare tax rate (for both the employer and the employee) is 1.45%; all wages are subject to the tax. Household Employers. Report FICA and Medicare taxes and income tax withholding on wages paid to household employees on your individual income tax return.