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payroll department assess income From Wikipedia, the free encyclopedia describe going to: navigation, search Taxation An aspect of fiscal policy Policies[show] Economics[show] Collection[show] Noncompliance[show] Distribution[show] Types[show] International[show] Trade[show] By country[show] v t e Globe icon. The examples and perspective in this article may non represent a worldwide quite a little of the subject. Please cleanse this article and discuss the issue on the talk page. (December 2010) Payroll levy generally refers to two diametric kinds of similar taxes. The firstly kind is a tax that employers atomic number 18 required to keep back from employees wages, also known as withholding tax, pay-as-you-earn tax (PAYE), or pay-as-you-go tax (PAYG) and often viewing advance payment of income tax and affectionate security contributions. The min kind is a tax that is paid from the employers own currency and that is directly related to employing a worker, which can consist of a fixed charge or be proportionally joined to an employees pay. The charges paid by the employer commonly cover the employers funding of the social security system. Contents 1 In the get together States 1.1 Income tax withholding 1.2 Social Security and Medicare taxes 1.3 Unemployment taxes 1.4 Reporting and payment 1.5 Penalties 2 Other nations 2.1 Australia 2.

2 Bermuda 2.3 Brazil 2.4 Canada 2.5 China 2.6 Croatia 2.7 France ! 2.8 Germany 2.9 Greece 2.10 Hong Kong 2.11 Sweden 2.12 United country 3 References 4 External links In the United States In the United States, payroll taxes are assessed by the national government, all fifty states, the District of Columbia, and numerous cities. These taxes are compel on employers and employees and on various compensation bases and are calm and paid to the taxing jurisdiction by the employers. Most...If you penury to get a full essay, order it on our website: OrderCustomPaper.com

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