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MequonCPA, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 2342
Experience:  CPA, Over 30 yrs experience w/individuals and small businesses. Masters in Tax.
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is it mandatory to pay FICA, MED TAX & SS TAX on a W-2?

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is it mandatory to pay FICA, MED TAX & SS TAX on a W-2?

Hi and welcome to JustAnswer:

Yes, all employers must withhold social security tax of 6.2% and Medicare tax of 1.45% Additionally the employer must contribute an equal amount. These amounts must be remitted to the IRS and quarterly filings must be made (Form 941).

Below is a link to IRS Publication 15 Employer's Tax Guide, that explains the requirements.

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