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.
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.