Do I pay employer taxes and self-employment taxes?
This may sound like a silly question, but I am new to starting a business and this is rather confusing to me. As a business owner with employees, I pay half of the FICA taxes in addition to FUTA, do I have to pay an additional 15.3% for self-employment tax? Or does the half I'm paying from my employees already count as that and are my only personal tax obligations income tax?
Sorry if this is confusing, any clarification is appreciated. Thank you.