Taxation Questions

Front

What are the payroll taxes that workers in Pennsylvania have to pay?

Back

Workers in Pennsylvania have to pay Social Security tax at 6.2% and Medicare tax at 1.45%.

Front

What is a tax return?

Back

A tax return is a document filed with a tax authority reporting income, expenses, and other relevant financial information.

Front

What is a form W-2 used for?

Back

A form W-2 is used to report wages paid to employees and the taxes withheld from them.

Front

What are the components of payroll taxes?

Back

Payroll taxes consist of income taxes, Social Security, Medicare, and unemployment taxes.

Front

Is there such a thing as a right to work tax?

Back

No, there is no such thing as a right to work tax.

Front

What percentage is the Social Security tax?

Back

The Social Security tax is 6.2%.

Front

What percentage is the Medicare tax?

Back

The Medicare tax is 1.45%.

Front

What information is typically included in a tax return?

Back

A tax return typically includes income, expenses, and other relevant financial information.

Front

What does a W-2 form report?

Back

A W-2 form reports wages paid to employees and the taxes withheld from those wages.

Front

What is the purpose of payroll taxes?

Back

The purpose of payroll taxes is to fund social insurance programs such as Social Security and Medicare.