Ads
related to: what is payroll tax
Search results
Results From The WOW.Com Content Network
A payroll tax is a percentage withheld from an employee's salary and paid to a government to fund public programs. Learn more about how payroll taxes work.
What Are Payroll Taxes? Your employer withholds a portion of each of your paychecks to cover payroll taxes, which support Social Security, Medicare and, in some cases, unemployment benefits.
Payroll taxes are the payments you as an employer make when you run payroll for employees. They include taxes that come out of an employee’s pay plus costs you cover for...
A payroll tax is a tax paid on the wages and salaries of employees to finance social insurance programs like Social Security, Medicare, and unemployment insurance.
What is payroll tax? Employers collect payroll taxes to pay for the Medicare and Social Security programs. The payroll taxes for Social Security and Medicare are known as Federal Insurance Contribution Act (FICA) taxes. They fund your contributions to qualify for the 2 major benefit programs.
Payroll taxes definition. Payroll taxes (employment taxes) refer to the taxes business owners pay and withhold from their employees’ salaries. The government uses this money to fund social insurance programs, such as Social Security, Medicare, and unemployment benefits.
Ads
related to: what is payroll tax