From Gusto: Where Does the Money Go? A Payroll Tax Primer for Small Businesses
Every time you pay your team, there’s an alphabet soup of tax terms staring back at you. What do they all mean? Why do you have to pay them all? And who exactly is this FUTA person anyway? Well, we’re here to clear up the confusion. This post will break down all the different payroll taxes out there, so you can have a more solid understanding of where exactly your money goes.
At a glance…
Source: Gusto Click here to read the entire article.