how our family members pay taxes
Answers
Answer:
follow me
Explanation:
Online method
offline method
hope it helps
please mark it as brainliest
Answer:
There are no laws against hiring family members in small business. However, hiring family members does present unique tax and employment situations.
In the business world, family taxation means the taxes you withhold from family members’ wages. Like you would with regular employees, you need to withhold taxes from family members’ wages.
The type of tax and whether or not you can tax a relative depends on a few different factors, including the member’s relationship to you, their age, and your type of business structure.
You might need to withhold and/or contribute some of the following taxes when you employ a family member:
Social Security tax
Medicare tax
Federal Unemployment Tax Act (FUTA) tax
Federal and state income tax withholding (if applicable)