I am a sole proprietor who has employees. Monthly I pay federal income tax withholding and SSI (for 941), Medicare. I also pay state Withholding, SDI, and Unemployment insurance quarterly. Do I deduct employee’s payroll federal withholding I paid monthly by adding it as part of wages? If not, where?
Also, I see from other answers we deduce our half of Medicare and SSI from Schedule C “Taxes and licenses”. This doesn’t budge deductions much and I wonder if I understood correctly.
Thank you!