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.
Since 2013, employers have also had to withhold an additional 0.9 percent Medicare tax for annual wages paid to an employee in excess of $200,000 ($250,000 for employees who are married and file taxes jointly). However, there is no employer match required for the additional Medicare tax. Beyond these taxes, employers are also solely responsible for paying the federal unemployment tax (FUTA) to help fund the nation's unemployment insurance system. There is also the state unemployment tax that subject employers must pay.