What is sswh tax?

Common Abbreviations Used on Paycheck Stubs · YTD: Year-to-Date · FT or FWT: Federal Tax or Federal Tax Withheld · ST or SWT: State Tax or. Section F – Federal and State current and year to date taxes withheld. Paycheck Taxes – Federal Withholdings, State Withholdings, Social Security and More! · Federal Tax Withholding · How to Calculate Federal Income Tax. What Is the Social Security Tax? Social Security tax is the tax levied on both employers and employees to fund the Social Security program. What Is a Payroll Tax? A payroll tax is a tax withheld from an employee's salary by an employer who remits it to the government on their behalf. Several common payroll deductions are considered pre-tax and are not subject to Social Security taxation.