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
In a major move, Reeves increased the national insurance payroll tax for businesses by 1.2 percentage points to 15% from April 2025, while also reducing the threshold at which companies start paying the tax.
—
Sasha Rogelberg, Fortune Europe, 30 Oct. 2024
The legislation would also raise more money for Social Security by expanding the payroll tax to higher incomes.
—Alison Durkee, Forbes, 21 Oct. 2024
Amending long-term care law Most Washington workers pay a 0.58% payroll tax that bankrolls a program called WA Cares.
—Melissa Santos, Axios, 21 Oct. 2024
The damage caused by jacking up the payroll tax to the level required to restore solvency isn’t worth the benefit.
—Veronique De Rugy, Orange County Register, 17 Oct. 2024
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Sasha Rogelberg, Fortune Europe, 30 Oct. 2024
The legislation would also raise more money for Social Security by expanding the payroll tax to higher incomes.
—Alison Durkee, Forbes, 21 Oct. 2024
Amending long-term care law Most Washington workers pay a 0.58% payroll tax that bankrolls a program called WA Cares.
—Melissa Santos, Axios, 21 Oct. 2024
The damage caused by jacking up the payroll tax to the level required to restore solvency isn’t worth the benefit.
—Veronique De Rugy, Orange County Register, 17 Oct. 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 21 Nov. 2024.
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