payroll tax

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payroll tax

n.
2. An amount equivalent to a stipulated portion of an employee's wages or salary that an employer must pay in taxes.
3. The tax collected by the government equal to withholding combined with this amount.
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References in periodicals archive ?
The "Getting Paid In America" survey by the APA asked "How certain are you that your payroll withholding and the net amount of your paycheck are correct each payday?
citizen, and the employer's payroll withholding and reporting requirements are also the same.
Both lib the payroll withholding tax and self-employment tax rates were reduced by two percentage points for the past two years.
National Payroll Week was created by the American Payroll Association in 1996 to help America's workers understand more about their paychecks, the payroll withholding system and other payroll-driven benefits.
The truth is this payroll withholding is simply not a tax.
Due to payroll withholding, the state's cash flow is fairly steady, except for a surge of revenue arriving when tax returns are filed in the spring.
calculates Federal and state payroll withholding taxes, and supports all 50 states;
According to the INS, there is considerable underreporting of income for such items, as well as noncompliance with the payroll withholding rules.
The state said the store owes: $222,478 for sales tax penalties and interest for sales tax that was collected from customers; $145,498 for corporate income tax and $52,958 for payroll withholding taxes collected from employees.
It would also cut payroll withholding taxes for low-income workers.
For the working stiff, this allows contributions of as little as $15 per month on payroll withholding.
Moreover, many companies maintain stock purchase plans that permit employees to elect to purchase shares of company stock through the use of payroll withholding.