The employees' share of FICA taxes and employees' federal and state withholding are expenses to the employer.
Question
The employees' share of FICA taxes and employees' federal and state withholding are expenses to the employer.
Solution
No, the employees' share of FICA taxes and employees' federal and state withholding are not expenses to the employer. These are amounts withheld from the employee's wages and are paid by the employee. The employer is responsible for collecting these amounts and sending them to the government. However, the employer does have expenses related to FICA taxes, which is the employer's share of Social Security and Medicare taxes. This is a cost to the employer in addition to the wages paid to the employee.
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