What does payroll tax mean?

Definitions for payroll tax
pay·roll tax

This dictionary definitions page includes all the possible meanings, example usage and translations of the word payroll tax.


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Wikidata

  1. Payroll tax

    Payroll taxes generally fall into two categories: deductions from an employee’s wages and taxes paid by the employer based on the employee's wages. The first kind are taxes that employers are required to withhold from employees' wages, also known as withholding tax, pay-as-you-earn tax, or pay-as-you-go tax and often covering advance payment of income tax, social security contributions, and various insurances. The second kind is a tax that is paid from the employer's own funds and that is directly related to employing a worker. These can consist of fixed charges or be proportionally linked to an employee's pay. The charges paid by the employer usually cover the employer's funding of the social security system, and other insurance programs.

How to pronounce payroll tax?

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Numerology

  1. Chaldean Numerology

    The numerical value of payroll tax in Chaldean Numerology is: 8

  2. Pythagorean Numerology

    The numerical value of payroll tax in Pythagorean Numerology is: 9

Examples of payroll tax in a Sentence

  1. Douglas Holmes:

    Because it's a payroll tax, that's a tax you can't avoid, those drive up the cost of hiring people and discourage job creation.

  2. Vice President Mike Pence said:

    There he talked about an economic package, he's calling for payroll tax relief.

  3. Kate Bedingfield:

    It's impossible to pay for Medicare for All without middle-class tax increases, to accomplish this sleight of hand, her proposal dramatically understates its cost, overstates its savings, inflates the revenue, and pretends that an employer payroll tax increase is something else.

  4. Richard Prisinzano:

    A payroll tax holiday on top of a pandemic will have a significant negative effect, this is just piling on.

  5. Donald Trump:

    We are going to be asking tomorrow, we're seeing Senate GOP. We're going to be meeting with White House Republicans, Mitch McConnell, everybody discussing a possible payroll tax cut or relief, substantial relief.


Translations for payroll tax

From our Multilingual Translation Dictionary

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"payroll tax." Definitions.net. STANDS4 LLC, 2024. Web. 14 Jun 2024. <https://www.definitions.net/definition/payroll+tax>.

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