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| *Loan,banking and credit>>>income tax |
If you are an employee of a 501 C3 Non-Profit organization do you pay income taxes? |
Also do you and your employer pay social security taxes on your income? Yes, to both questions. Your employer does not pay federal income taxes, but is still responsible for paying payroll taxes such as their half of your social security and medicare. The employees' wages are still taxable for federal, state (if applicable) and payroll taxes. Yes, an employee of a non-profit organization pays taxes just like everyone else. Yes and yes. Your income taxes are like anyone else's, and you're covered by social security - you pay half and the employer would pay half, just like a for-profit company. |
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