Page 26 - Tax Information for Business

Employment Taxes (1/2)

Employment Taxes

If you are self-employed, visit the Self-
Employed Individuals Tax Center page for
information about your tax obligations.
Understanding Employment Taxes

Understand the various types of taxes you
need to deposit and report such as, federal
income tax, social security and Medicare
taxes and Federal Unemployment (FUTA)
Tax.

Depositing and Reporting Employment
Taxes
You must deposit federal income tax
withheld and both the employer and
employee social security and Medicare
taxes. You also must report on the taxes
you deposit, as well as report wages, tips
and other compensation paid to an
employee.

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