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
With a 2 percent inflation rate and 2 percent productivity growth, that couple would be paying the Biden payroll tax sometime in their 50’s.
—
John C. Goodman, Forbes, 16 Jan. 2025
An increase to the National Insurance (NI) payroll tax paid by employers was by far the largest revenue raising measure announced Wednesday, with Reeves forecasting the move would raise £25 billion ($32.3 billion) per year over the course of the parliament.
—Karen Gilchrist, CNBC, 31 Oct. 2024
In 2025, the Social Security payroll tax will be assessed on the first $176,100 of income, up from $168,600 this year
The money is used to pay people currently receiving benefits, and any unused money goes to the Social Security trust fund.
—Adriana Morga and Cora Lewis, Los Angeles Times, 13 Oct. 2024
Employers were hit with an increase to the National Insurance (NI) payroll tax while also paying higher minimum wages.
—Robert Olsen, Forbes, 6 Jan. 2025
See all Example Sentences for payroll tax 
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John C. Goodman, Forbes, 16 Jan. 2025
An increase to the National Insurance (NI) payroll tax paid by employers was by far the largest revenue raising measure announced Wednesday, with Reeves forecasting the move would raise £25 billion ($32.3 billion) per year over the course of the parliament.
—Karen Gilchrist, CNBC, 31 Oct. 2024
In 2025, the Social Security payroll tax will be assessed on the first $176,100 of income, up from $168,600 this year
The money is used to pay people currently receiving benefits, and any unused money goes to the Social Security trust fund.
—Adriana Morga and Cora Lewis, Los Angeles Times, 13 Oct. 2024
Employers were hit with an increase to the National Insurance (NI) payroll tax while also paying higher minimum wages.
—Robert Olsen, Forbes, 6 Jan. 2025
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 24 Jan. 2025.
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