Need Help With Payroll Tax Expense For Individual And Company - Ask TaxGuru

OK for example, you work for a public accounting firm you make $100,000 but you only clear $60,000 because of state, fed and SS taxes.
-can the employer deduct that 40,000 that was for taxes?
-And what does the employee do with that?

Please help, confused

Answer :

#1; ER can deduct Social security and Medicare taxes paid to match required withholding from employees' wages on Sch C on line 23.


#2;EE can never deduct FICA taxes withheld from Click to Know More...