TaxBandits Knowledge Base

What are the employee and employer taxes?

Both employers and employees are responsible for paying payroll taxes. Employee taxes are deducted from the employee’s gross wages, whereas employer taxes do not affect the employee’s gross wages. Here are the employee and employer payroll tax

Employee Payroll Tax

• Social security tax
• Medicare tax
• Federal Income tax
• State Income tax

Employer Payroll Tax

• Social security tax
• Medicare tax
• Federal Unemployment Tax
• State Unemployment Tax
• Other Local and State taxes