Payroll Tax

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Definition: Payroll Tax

Payroll Tax
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Full Definition of Payroll Tax

Payroll tax is the tax paid by the employer on the salary and wages paid to employees. It includes withholding taxes deducted from the worker’s paycheck as well as taxes paid by the employer: employers portion of Social Security and Medicare, federal and state unemployment tax, and in many states workers compensation.

Related Phrases

FICA

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/payroll-tax/
Modern Language Association (MLA):
Payroll Tax. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 18, 2024 https://payrollheaven.com/define/payroll-tax/.
Chicago Manual of Style (CMS):
Payroll Tax. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/payroll-tax/ (accessed: April 18, 2024).
American Psychological Association (APA):
Payroll Tax. PayrollHeaven.com. Retrieved April 18, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/payroll-tax/

Definition Sources

Definitions for Payroll Tax are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 10th August, 2022 | 0 Views.