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What is federal social security and?
Federal social security tax is a payroll tax imposed by the federal government on income earned by employees to fund the Social Security and Medicare programs.
Who is required to file federal social security and?
Employers are required to withhold federal social security tax from their employees' wages and report it to the IRS.
How to fill out federal social security and?
Employers must use Form 941 to report federal social security tax withholding, as well as income taxes and Medicare taxes.
What is the purpose of federal social security and?
The purpose of federal social security tax is to fund the Social Security and Medicare programs, which provide benefits to retirees, disabled individuals, and certain other groups.
What information must be reported on federal social security and?
Employers must report the total wages subject to federal social security tax, the amount withheld from employees' wages, and the employer's share of the tax.
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