Every month your employer has to hold back a certain percentage from your paycheck. They have to withhold 6.2% for social security and 1.45% for Medicare. The IRS calls the withholding of income tax, Medicare, and social security the trust fund taxes. An employer is supposed to send the trust fund taxes amount to the IRS every quarter using Form 941.
With the current state of the world, you may be thinking about what you can expect if you are unable to go to work due to the Coronavirus. Employment and Labor laws can vary by state, and by county. Additionally, you may have a contract or collective bargaining agreement with your employer that determines what happens when you cannot show up to work due to a public health emergency. While your employer will most likely not require you to come to work if you are under quarantine, your employer may not be required to pay you for the time you are out.
With the pandemic that is the Coronavirus affecting the whole world, many employees may be considering staying home these next few weeks while the virus is spreading throughout the United States.
Many employees across the world are contemplating staying home with the spread of the Corona Virus pandemic. If you are in an at-will state, your employer may have a lot of power if you decide to not to show up for work.
"*" indicates required fields
Our team of highly trained attorneys have over 100 years of combined higher education, are fluent in 8 languages, and use cutting edge technology to beat the competition.
This is a quick legal reference guide covering 16 topics that every business owner needs to have to start a business
