Payroll Tax
/ˈpeɪroʊl tæks/
Definitions
- (n.) A tax imposed on employers or employees based on wages or salaries paid, often funding social security or other government programs.
The company must comply with payroll tax regulations to fund social insurance.
Forms
- payroll tax
- payroll taxes
Related terms
See also
Commentary
Payroll taxes are distinct from income taxes as they specifically fund social programs, necessitating precise identification in tax law drafting.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.