This article from the penny hoarder may help clarify.
What do the president’s executive orders mean to you? There’s a good article from The Penny Hoarder, link below
If you, or someone you know, are seriously affected by what’s happening with Covid 19, you can apply for assistance through the following link. For Further Information, See https://teamkyfund.ky.gov/Default.aspx
Who Is Overseeing the Team Kentucky Fund?
The Team Kentucky Fund is overseen by the Public Protection Cabinet. The program will be administered through a partnership with the Community Action Kentucky, Inc.
The Public Protection Cabinet (PPC) keeps Kentuckians safe in business, leisure and daily life. We ensure safe and fair operation of some of the most important institutions in the Commonwealth. From sporting events, to building and banking, our diverse agencies share a common goal—providing the best service to every citizen and business in the state.
What are payroll taxes and what does the President’s order do?
Payroll taxes consist of Social Security taxes and Medicare taxes. Every pay period, an employee pays 6.2% of their earnings for Social Security and 1.45% for Medicare taxes. Workers pay the 6.2% Social Security tax on annual earnings up to $137,700.
Meanwhile, the employer pays the same rate per paycheck, adding up to a combined 12.4% Social Security tax and 2.9% Medicare tax.
In late March, the $2.2 trillion CARES Act said employers could defer paying their share of the Social Security tax from March 27, when Trump signed the CARES Act, to the end of the year. They can pay back one half of the sum by the end of next year and the second half by the end of 2022.