payroll tax
Employment-based levy
A payroll tax is a tax levied on wages and salaries, typically shared between employer and employee.
In the United States, payroll taxes fund Social Security and Medicare: The company withholds payroll taxes from each paycheck.
Unlike income tax, payroll taxes apply only to earned wages, not investment income.
- FICAFederal wage withholding law
- withholdingKeeping from another
- pay stubEarnings and deductions summary
- IRSFederal tax collector
- wagesPayment for work
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- economic policymonetary policy, fiscal discipline, fiscal stimulus, fiscal restraint, tariff
- payroll deductionsemployee contributions, employer contributions, pension contributions, insurance premiums, disability insurance
- taxeswithholding, VAT, GST, customs duty, FICA
- chargesfees, surcharges, levies, service charges, service fees
- Federal TaxesIRS, Form 1040, 1040, W-2, 1099
- payrollpaycheck, gross pay, base salary, net pay, pay stub
payroll taxwealth tax
Tax on total possessions
estate tax · capital gains tax · inheritance tax · property tax · sales tax
payroll taxdeficit spending
Expenditures funded by debt
universal basic income · tax-free allowance · tax exemption · tax credit
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