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.
Employers generally have to withhold federal and state income tax from all employees' wages, based on what employees enter on their Form W-4. Income taxes are paid solely by the employees through these withholdings. Currently, the federal government levies a 12.4 percent tax for Social Security on up to $118,500 (increasing to $127,200 for 2017) of an employee's pay and a 2.9 percent tax for Medicare on all wages.