What Type Of Deductions Can Employers Withhold From My Paycheck?
All employers are required to withhold a variety of federal taxes from an employees paycheck. Depending where the business is located, the employer may also be required to withhold payroll deductions for state and local taxes. Taxes typically deducted by an employer and paid on behalf of an employee include:
|Federal Income Tax.|
|Social Security Tax (FICA) - currently 6.2% of gross wages up to a maximum amount of $5,349 per employee annually.|
|Medicare Tax - currently 1.45% of gross wages.|
|State Income Tax - varies by state.|
|Local Income Tax - varies by locality.|
Employers are also required to deduct payments for child support orders, tax levies or court ordered garnishments. Additionally, employers may deduct payments for the cost of meals, housing, transportation, employer provided loans, payroll savings and insurance premiums.
Where can I get legal advice about my Employment Law Law matter or case?
If you have an Employment Law matter or case and want legal advice for your specific situation, call the law firm below to schedule a free consultation.
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