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WebApr 12, 2024 · Everyone participating in the S Corp gets paid through payroll. Payroll covers Social Security and Medicare tax. SE is Social Security and Medicare tax. For SE, when you take the expense as a deduction (giving parity to an employer share), you will notice the math bases the tax on 92.35% and not the full 100% taxable income. WebThe Payroll Process 0:48. Step 1: Choosing a Payroll System 2:12. Step 3: Gathering Employee Information 0:27. A Word from an Expert 7:05. Step 4: Setting up Direct … WebWe need to make sure you're not a robot Complete the below challenge then select continue to sign in. What's this? Hmm, that didn't work Here's what we can do: terang mechanics