AP can perform the entire authorization function or selected portions of the process in cooperation with your host system. And, because the Visa DPS authorization system is flexible, you may customize support to meet your specific business requirements.
If desired, you can request voluntary Federal tax withholding from your monthly Social Security benefits. You may find doing this easier than paying quarterly estimated tax payments. See http://www.socialsecurity.gov/planners/taxwithold.htm.
Employers generally have to withhold federal and state income tax from all employees' wages, based on what employees enter on their Form W-4. Income taxes are paid solely by the employees through these withholdings. Currently, the federal government levies a 12.4 percent tax for Social Security on up to $118,500 (increasing to $127,200 for 2017) of an employee's pay and a 2.9 percent tax for Medicare on all wages.