payroll taxes
Wages' mandatory deductions
Payroll taxes are taxes withheld from wages by employers and remitted to the government.
In the U.S., these fund Social Security and Medicare.
The term covers both the employee's share (deducted from paychecks) and the employer's matching contribution.
Payroll taxes take a bigger bite from my check than income tax does.
- MedicareFederal senior health program
- FICAFederal wage withholding law
- Social SecurityFederal old-age insurance program
- employer contributionsFunds a company adds
- employer matchCompany duplicates worker savings
quarterly · tax bracket · tax burden · Medicare tax · tax withholding · paycheck deduction · pay stub · unemployment benefits · W-2 forms · unemployment insurance · disability benefits · survivor benefits · insurance premiums · legal fees · 1099 · retirement pensions · compliance · stub
- expensesexpenses, expense, expenditure, cost, costs
- business expensesoffice rent, salaries, wages, office supplies, equipment
- chargesfees, surcharges, levies, service charges, service fees
- business costsadministrative fees, direct costs, direct labor, labor costs, material costs
- employer dutiestax withholding, W-2 forms, 1099 forms, health coverage, retirement benefits
- Film Budgetsproduction costs, above the line, below the line, contingency fund, line items
payroll taxescapital gains tax
Levy on asset sale profits
property tax · estate tax · sales tax · inheritance tax · wealth tax