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
Early-stage companies that have yet to make profits can use the R&D tax credit to offset payroll tax during the first five years or accumulate the same and add value to the business.
—
Prasanna Kumar, Forbes, 20 Dec. 2024
Chief among them was an increase to the National Insurance (NI) payroll tax paid by employers and an uptick in the National Living Wage.
—Karen Gilchrist, CNBC, 9 Dec. 2024
Business Anaheim hotel fined heavily for not rehiring workers laid off during pandemic
Oct. 8, 2024
Bonta and his team have filed 31 criminal charges, including grand theft, payroll tax evasion, prevailing wage theft and filing false documents, against US Framing West and two of its employees.
—Grace Toohey, Los Angeles Times, 27 Nov. 2024
Seattle City Council approved an $8.5 billion 2025-2026 budget, using JumpStart payroll tax funds to fill a multi-million dollar gap in the general fund.
—Christine Clarridge, Axios, 22 Nov. 2024
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Prasanna Kumar, Forbes, 20 Dec. 2024
Chief among them was an increase to the National Insurance (NI) payroll tax paid by employers and an uptick in the National Living Wage.
—Karen Gilchrist, CNBC, 9 Dec. 2024
Business Anaheim hotel fined heavily for not rehiring workers laid off during pandemic
Oct. 8, 2024
Bonta and his team have filed 31 criminal charges, including grand theft, payroll tax evasion, prevailing wage theft and filing false documents, against US Framing West and two of its employees.
—Grace Toohey, Los Angeles Times, 27 Nov. 2024
Seattle City Council approved an $8.5 billion 2025-2026 budget, using JumpStart payroll tax funds to fill a multi-million dollar gap in the general fund.
—Christine Clarridge, Axios, 22 Nov. 2024
See all Example Sentences for payroll tax
Dictionary Entries Near payroll tax
Cite this Entry
“Payroll tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/payroll%20tax. Accessed 30 Dec. 2024.
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