Yes, if your wife works for you there will be no taxes or payroll or federal taxes or state withholding that you will have to worry about as a small business.
No. EBITDA is a measure to simulate operating cash flow. If you have no earnings or profits you will not pay Income Taxes, but you are still required to pay payroll taxes and other taxes such as property and franchise taxes
Social Security Taxes, FICA, and medicare are payroll taxes.
Has this happened, or are you just curious? By law the payroll service has to pay the taxes to the government, that are with held.
A individual taxpayer cannot deduct payroll taxes on the individual taxpayers income tax return.
Payroll taxes on people who are still working
There are certain software that will teach you about payroll taxes. There are also sites that will give you information on what you need to know about what payroll taxes are and which types exist. More information can be found at http://www.payroll-taxes.com/.
Taxes. ;D
1,700.00
With a calculator.
debit payroll taxesCredit cash
Income taxes are used for a wide variety of government activities while payroll taxes pay for specific programs.
You submit payroll taxes for turbo software because it is easier and cheaper. You can find out more of the benefits at turbotax.intuit.com/personal-taxes or hubpages.com/hub/Social-Security-Payroll-Tax-Limits