Page 25 - Keeping Business Records

Employment Taxes (4/5)

Employment taxes include the following.

Q Q

• Social security and Medicare taxes. 1 2
• Federal income tax withholding. Income Tax Self-employment
tax
• Federal unemployment (FUTA) tax.

Yearly Yearly
If you have employees, you will need to get

Publication 15 (Circular E), Employer's Tax Q Q

Guide. If you have agricultural employees, get 3 4

Publication 51 (Circular A), Agricultural Employment tax Excise tax
Employer's Tax Guide. These publications

explain your tax responsibilities as an

employer. Payroll Check if applicable

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