Welcome to the site. Different Expert here. Since your first Expert opted out, I can assist.
The payroll service appears to have given you a figure for the amount of cash needed for the payroll taxes
, which should be around 12-18% of the total. In my state, payroll taxes will be 7.65% for Social Security and Medicare, another 5% for Federal
and state unemployment, and any other items your payroll company charges as payroll taxes. 625/3328 = ~18.8%, so it's not way out of line.
I do not know of any 60-40 split for employee taxes. Payroll taxes are 50-50 for Social Security and Medicare, and you as employer are responsible for the Fed and state unemployment.
Sometimes the payroll service offers health insurance or other fringe benefits
, which you might have agreed to pay 60% and the employees 40%. I would not consider that a payroll tax, though.
I hope that helps. Please advise if you need anything more, or leave positive feedback to close out the question. I'm PDtax