Payroll Tax - Is this right?

[Greg P.]

Hello, I have three employees including myself paying a total of $90k net yearly for all 3 of us. I'm paying approx $1,400 every 2 weeks for payroll tax and I feel like this is way too high. Could someone please let me know if this is correct? Thank you.

[Bill Walston]

Originally posted by Greg P.:

Hello, I have three employees including myself paying a total of $90k net yearly for all 3 of us. I'm paying approx $1,400 every 2 weeks for payroll tax and I feel like this is way too high. Could someone please let me know if this is correct? Thank you.

Greg P., it's not possible to answer that question based on the information that you give. You're likely not "paying" that amount in payroll taxes, since payroll taxes are both paid by the employer and withheld from the employee's pay. You then remit them to the taxing authority.

As suggested, your best bet is to talk to your accountant or bookkeeper.