Category: FICA Tax

FICA Tax

19 Common Payroll Terms Every Business Owner Should Know.

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Just hired your first employee? Finally took over payroll processing duties? Simply want to learn more about what your HR manager is doing on a biweekly basis? No matter your involvement with payroll at your small business, we’ve broken down some of the most common terms to know. 1. Accrue – This means to build […]

Business Advice

2017 Payroll Taxes Will Hit Higher Incomes

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Wages subject to Social Security FICA rise to $127,200; tax brackets adjusted upward. This article was written by Stepehn Miller, CEBS and originally featured at Shrm.org. The maximum amount of earnings subject to the Social Security payroll tax will climb 7.3 percent in 2017 to $127,200—up by $8,700 from the $118,500 maximum for 2016 and […]