This Entrepreneur Magazine article provides "Everything you wanted to know about payroll taxes, and then some," and includes a good explanation of FICA (social security and medicare) withholding.

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Concepts

taxes

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Additional Tags

federal identification number, federal income tax withholding, fica, internal revenue service, own business, payroll, self-employed, entrepreneur: taxing matters

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Classroom Considerations

Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)
The intended use for this resource is Instructional

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