Objective: Describe the payroll accounting principles and processes for employee and employer.

Most people, especially those in the workforce, are familiar with the concept of payroll and payroll withholding tax. Many people may not know that some of the payroll taxes that are remitted to the federal and state governments are paid by the employer. It's important to understand what you as an employer or employee are responsible for.

Discuss:

• What makes up the payroll tax?
  • What part(s) is the employer responsible for?
  • What part(s) is the employee responsible for?
• Do you believe the current payroll tax structure is fair? Why or why not?
  • How does your view align with Biblical principles?