More pressing than possibly owning the next American president? No, they don't.
They pay tax after paying you.
Payroll is an expense that gets deducted from revenue before calculating taxes.
They pay employer contributions/insurance/deductions but you pay the tax on it. It's to avoid double taxing that money (corp pays tax and you pay tax).
Edit for replies: yes, they pay payroll tax but that is based on payroll, and is a percentage of payroll. The other replies were referring to bottom line tax and revenue/profit. Maybe I should have been clearer but I was trying to keep it easy and not muddy the waters.
Late 30s, kinda want to dick punch him for implying I'm ancient 😂
There is a 0% chance I would be attending this volunteer gig. Call me when the country opens and pay starts flowing again.
Kaefor
joined 1 year ago
Since there isn't enough info out there for either of us to be wholly right, I will have to agree to disagree.
Cheers mate.