payroll tax

noun

Definition of payroll tax

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

payroll tax

Cite this Entry

“Payroll tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/payroll%20tax. Accessed 1 Jul. 2022.

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More Definitions for payroll tax

payroll tax

noun

pay·roll tax

: a tax that is levied as a percentage of an employee's pay and is usually paid by the employer

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