Ivan Blanco, president of the Blue Sky Company, has recently hired a number of additional employees. He

Question:

Ivan Blanco, president of the Blue Sky Company, has recently hired a number of additional employees. He recognizes that additional payroll taxes will be due as a result of this hiring, and that the company will serve as the collection agent for other taxes.
Instructions
In a memorandum to Ivan Blanco, explain each of the taxes, and identify the taxes that result in payroll tax expense to Blue Sky Company.