Definitions for "Payroll Tax" Add To Word List
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A State Government tax on businesses, levied on the basis of the number of employees of the business.
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Payroll tax is a state tax payable when an employer's wage bill exceeds a certain amount. The tax is based on the total wages paid to all employees
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a direct tax on labor, especially since it is levied on both the worker and the employer
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an income tax
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a terribly regressive tax," says Scott McCown, head of the Center for Public Policy Priorities, an Austin-based think tank that tracks issues affecting lower-income families
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A tax on employers based on the wages they pay their workers. (p. 163)
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Paid in equal amounts (7.65%) by employers and employees to fund Social Security and Medicare. Also known as FICA.
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Payroll tax is a tax imposed by state governments on employers. The tax levied is based on a percentage of the total of salaries and other benefits paid to or for employees. ESOP benefits provided to employees are not generally subject to payroll tax.
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a tax based on payroll (wages) that is used to finance the Social Security and Medicare programs
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Any tax levied by a government agency on employees wages, tips or other compensation. To learn more about Payroll Tax Services
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a state and territory government tax on industry, calculated on the amount of wages paid.
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A tax on wages and salaries (income earned for work), used to finance social insurance programs that provide benefits to the poor, the elderly, the unemployed, and the disabled.
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Tax an employer withholds and/or pays on behalf of an employee based on the wage or salary of the employee.
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Payroll tax generally refers to two kinds of taxes: Taxes which employers are required to withhold from employees' pay, also known as withholding, Pay-As-You-Earn (PAYE) or Pay-As-You-Go (PAYG) tax; or taxes directly related to employing a worker paid from the employer's own funds: these may be either fixed charges or proportionally linked to an employee's pay.
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