In my business I have 5 employees that need to pay specific taxes to pay because of what job they have and what they work with. First off with the head director of the company which is me I have to pay multiple taxes such as SS taxes, Medicare/Social Security taxes, and State taxes. The Janitor to the company will only have to pay Medicare/Social Security taxes and state taxes. Both Gym assistants will have pay for Medicare/Social Security taxes, SS taxes, and state taxes. The last employee only pays for Medicare/Social Security and State taxes. The tax rates from all employees has a mean of $6.12 per week. It matters a lot on how much my employees are paid and how much they are taxed because they need to still make enough for a living and be taxed by our government.
Employee Info
Payroll Register
All employees get some benefit out of working for my business. All employees will get a certain amount of leave pay, learning pay, and sick pay and vacation pay. The head directors total benefits pay would be about $122.23 per year. Janitors total benefit pay would be a total of $98.25 per year. Both gym assistants each get a total of $105.23 per year for their benefits. In total it costs my business $555.61.