payroll tax
noun
1
: a tax that is paid by a company and that is based on the amount of money that the company spends paying all of its employees
2
: money that is taken from a person's pay and given directly to the government as income tax
Examples of payroll tax in a Sentence
Recent Examples on the Web
The number and size of payroll tax violations is up, and mere IRS penalties are not enough to stop the trend.
—
Robert W. Wood, Forbes.com, 25 Apr. 2025
Principles for successful reform Social Security is funded by a payroll tax of 12.4% on wages, which is split equally between workers and employers.
—Dennis W. Jansen, The Conversation, 14 Apr. 2025
The agency tracks employment and payroll tax payments for all workers with a Social Security number and automatically calculates old age benefits.
—Howard Gleckman, Forbes, 12 Mar. 2025
As of 2023, the state had awarded the company more than $1.6 million through payroll tax benefits for achieving initial hiring targets.
—Catherine Muccigrosso, Charlotte Observer, 12 Mar. 2025
See All Example Sentences for payroll tax
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Robert W. Wood, Forbes.com, 25 Apr. 2025
Principles for successful reform Social Security is funded by a payroll tax of 12.4% on wages, which is split equally between workers and employers.
—Dennis W. Jansen, The Conversation, 14 Apr. 2025
The agency tracks employment and payroll tax payments for all workers with a Social Security number and automatically calculates old age benefits.
—Howard Gleckman, Forbes, 12 Mar. 2025
As of 2023, the state had awarded the company more than $1.6 million through payroll tax benefits for achieving initial hiring targets.
—Catherine Muccigrosso, Charlotte Observer, 12 Mar. 2025
See All Example Sentences for payroll tax
Cite this Entry
“Payroll tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/payroll%20tax. Accessed 6 May. 2025.
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