How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask MequonCPA Your Own Question
MequonCPA, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 2342
Experience:  CPA, Over 30 yrs experience w/individuals and small businesses. Masters in Tax.
Type Your Tax Question Here...
MequonCPA is online now
A new question is answered every 9 seconds

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

This answer was rated:

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.

MequonCPA and 2 other Tax Specialists are ready to help you