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Employer vs. Employee Burdens

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TaxBurden
Federal & State Income TaxEmployer
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Income taxes are filed under Salaries Expense!

TaxBurden
Federal & State Income TaxEmployer
Unemployment TaxEmployee
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Unemployment taxes are filed under Payroll Tax Expense!

TaxBurden
Federal & State Income TaxEmployer
Unemployment TaxEmployee
FICA TaxesBoth

FICA taxes are paid by both the employee and employer

FICA taxes (for Social Security and Medicare) are required to be paid by both the employer (7.65%) and employee (7.65%). The government collects 7.65% + 7.65% = 15.3% in FICA tax on payrolls.

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