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
A tax on employers based on the wages they pay their workers. (p. 163)
Paid in equal amounts (7.65%) by employers and employees to fund Social Security and Medicare. Also known as FICA.
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.
a tax based on payroll (wages) that is used to finance the Social Security and Medicare programs
Any tax levied by a government agency on employees wages, tips or other compensation. To learn more about Payroll Tax Services
a state and territory government tax on industry, calculated on the amount of wages paid.
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.
Tax an employer withholds and/or pays on behalf of an employee based on the wage or salary of the employee.
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.