April 27, 2023
The Basics of Employer Payroll Deductions
Make sure you understand your responsibilities as an employer. You pay salaries, bonuses, commissions, vacation pay or tips to your employees. You offer them certain taxable benefits, such as personal use of a vehicle or allowances. You are also required to withhold and remit payroll deductions. Employers are responsible for deducting the following four amounts:…
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