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3 dictionary results for: Payroll tax
Dictionary.com Unabridged (v 1.1) - Cite This Source - Share This
payroll tax
–noun
| a tax levied against the amount of wages and salaries paid workers. |
[Origin: 1980–85
]
]
Dictionary.com Unabridged (v 1.1)
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006.
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006.
Investopedia - Cite This Source - Share This
Payroll Tax
Tax an employer withholds and/or pays on behalf of their employees based on the wage or salary of the employee. In most countries, including the U.S., both state and federal authorities collect some form of payroll tax.
Investopedia Commentary
Governments use revenues from payroll taxes to fund such programs as social security, health care, unemployment compensation, worker's compensation, and sometimes even local governments require a small tax to maintain and improve local transportation.
On an employee pay stub, payroll taxes deducted are likely to be itemized.
On an employee pay stub, payroll taxes deducted are likely to be itemized.
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See also: Flat Tax, Income Tax, Local Tax, Medicare Wages, Progressive Tax, Taxes, Withholding
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Merriam-Webster's Dictionary of Law - Cite This Source - Share This
Main Entry: pay·roll tax
Function: noun
: a tax that is levied as a percentage of an employee's pay and is usually paid by the employer
Main Entry: pay·roll tax
Function: noun
: a tax that is levied as a percentage of an employee's pay and is usually paid by the employer
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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