Honda Auto Repair #10: Oxygen Sensors Are a Critical Key to Passing Emissions. Automotive exhaust emissions are everyone's concern because we all breathe the same air. Fifty percent of Americans live in areas that exceed national clean air standards.
If so, youâll need to collect withholding taxes. These are state and county taxes that are withheld from your employeesâ wages. Registration for withholding tax is necessary if the business has: 1  Employees. 2  Non-resident shareholders. 3  Non-resident partners. 4  Beneficiaries for distributions of income.
You must withhold these amounts from an employee's wages. The law also requires you to pay the employer's portion of two of these taxes: 1  a 6.2 percent Social Security tax; and. 2  a 1.45 percent Medicare tax (the âregularâ Medicare tax).n employer's federal payroll tax responsibilities include withholding from an employee's compensation and paying an employer's contribution for Social Security and Medicare taxes under the Federal Insurance Contributions Act (FICA).