Employers are required to withhold and pay personal income taxes on wages, salaries, bonuses, commissions, and other similar income paid to employees. My annual salary is not correct, what do I do?Please contact your department regarding your salary. Instructions for taxes that apply to payments a person receives from an employer in return for work or services. The Fair Labor Standards Act (FLSA) establishes minimum wage, overtime pay, recordkeeping, and child labor standards affecting full-time and part-time workers. Are You an Employer? The Wage Tax must be filed quarterly and paid on a schedule that corresponds with how much money is withheld from employees' paychecks. You must give Form NJ-W4 to your employees to fill out and return to you. This form tells you how to withhold tax from your employee's pay. Browse this page to understand record-keeping obligations of all New Jersey employers, whether or not they are subject to the Unemployment Compensation Law.