Social Security Taxes: Are You Paying Too Much

2017 Basics: Social Security Withholdings Not every Business Owner knows "All" or is aware of some of the details of their mistakes. Click to Continue for an introduction to key facts on Social Security and what you must do for your employees and how you can save yourself some money.   As a business owner, you're responsible for withholding certain federal taxes from your employees' wages. These include Federal Insurance Contributions Act taxes, or more commonly known as FICA taxes.   DID YOU KNOW: There's a cap on the wage amount for Social Security taxes, so that once an employee's wages exceed the capped ...