Legal Investigate

Payroll Taxes - What Happens If You Don't Pay Your Payroll Taxes

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Executive Summary

If you are a business owner, you must withhold taxes from every employee's paychecks each pay period. These taxes are for federal (and possibly state) income tax and FICA contributions (Social Security and Medicare). The amount of income tax withheld is determined by the number of exemptions each individual employee claimed when he/she started working for you.

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