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1:01
YouTube
The US Finance Desk
How Payroll Taxes Work 💰 | FICA, Social Security & Medicare Explained#PayrollTaxes #FICA
Every paycheck has deductions — but where does that money actually go? In this video, I break down exactly how payroll taxes work in the US, including FICA (Social Security + Medicare), self-employment tax, and employer-only taxes like FUTA. ⏱ What's covered: • What FICA tax is • Social Security (6.2%) + Medicare (1.45%) • Sample pay ...
114 views
2 months ago
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