Employee and Employer Payroll Taxes – What’s The Difference?
Even though payroll taxes are paid by both employers and employees, there’s one major difference. Payroll taxes paid by employees affect employees’ net pay, but payroll taxes paid by employers don’t. Taxes that employees pay are subtracted out of an employee’s gross pay, which lowers the net pay for that paycheck. However, payroll taxes paid by the employers do not affect […]