Creosote. Summary: Creosote is the name used for a variety of products: wood creosote, coal tar creosote, coal tar, coal tar pitch, and coal tar pitch volatiles.These products are mixtures of many chemicals created by high-temperature treatment of beech and other woods, coal, or from the resin of the creosote bush.reosote. Summary: Creosote is the name used for a variety of products: wood creosote, coal tar creosote, coal tar, coal tar pitch, and coal tar pitch volatiles.
The federal withholding is for income tax and FICA pays the Social Security tax and medicare tax. The FICA tax has to be matched by your employer, so whatever is deducted from your pay for FICA, double the amount is paid to the IRS. FICA is limited to the first $102,000 of earnings.
FICA taxes are somewhat unique in that there is required withholding from an employee's wages as well as an employer's portion of the taxes that must be paid. The Federal Insurance Contributions Act (FICA) is the federal law that requires you to withhold three separate taxes from the wages you pay your employees. FICA is comprised of: 1  a 6.2 percent Social Security tax; 2  a 1.45 percent Medicare tax (the âregularâ Medicare tax); and. 3  beginning in 2013, a 0.9 percent Medicare surtax when the employee earns over $200,000.