Difference between revisions of "Payroll taxes"
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'''Payroll taxes''' are the [[state]] and [[federa]]l [[tax]]es that employers must withhold and/or to pay on behalf of employees. Employers withhold state and federal income taxes as well as [[Social Security]] and [[Medicare]] taxes from the employees' wages. Employers are also required to pay a matching amount of Social Security and Medicare taxes for each employee and to pay state and federal [[unemployment]] tax. | '''Payroll taxes''' are the [[state]] and [[federa]]l [[tax]]es that employers must withhold and/or to pay on behalf of employees. Employers withhold state and federal income taxes as well as [[Social Security]] and [[Medicare]] taxes from the employees' wages. Employers are also required to pay a matching amount of Social Security and Medicare taxes for each employee and to pay state and federal [[unemployment]] tax. | ||
[[Category:Finance]] | [[Category:Finance]] | ||
| + | [[Category:Taxation]] | ||
Revision as of 00:44, December 9, 2014
Payroll taxes are the state and federal taxes that employers must withhold and/or to pay on behalf of employees. Employers withhold state and federal income taxes as well as Social Security and Medicare taxes from the employees' wages. Employers are also required to pay a matching amount of Social Security and Medicare taxes for each employee and to pay state and federal unemployment tax.