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Well, and the employees often have to pay those taxes and benefits themselves, so that’s rolled into the amount the company needs to pay them.
by drob518 2y ago
Well, and the employees often have to pay those taxes and benefits themselves, so that’s rolled into the amount the company needs to pay them.
- Aurornis 2y agoFull-time employees do not pay those taxes and benefits themselves. It’s called a payroll tax because the company pays it for people on their payroll. If someone is paying those taxes themself they are not an employee, they are a contractor. This is one reason why contractor hourly rates are so much higher than salaried FTEs: They are paying higher taxes on the money that reaches their account.
- drob518 2y agoSorry, yes I meant contractors not employees. But employees are actually paying them also, it’s just the company pays it for the employ before the employee sees it.