Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services -- Ignore unavailable to you. Want to Upgrade?

To: Lurker who wrote (24367)	9/29/1998 12:56:00 AM
From: Sigmund	Respond to of 27968

15% SSI, 15% federal and 3% state Lurker, I think you are not correct about this. Maybe it is too late at night, but the way I remember it, withholding from an employees pay is not an additional expense to the company. The salary is the expense, the withholding is a transfer payment from the employee to the government arranged by the company. So it might show up on the balance sheet if the company is holding money owed by the employee to a taxing authority. Half of SSI is paid by the company I believe in addition to the part paid by the employee. That is the only additional (major) payroll tax expense in addition to compensation. If I have this wrong I apologize but I think I have it right.