Workforce Tax Payment

Payroll Tax Payment - A Payroll Tax Payment, also known as Taxes on Payroll and Workforce, refers to the taxes an employer withholds from employees' wages and pays on their behalf, as well as the employer's own contribution to social security and other employee benefits. These payments include income tax withholdings, social security contributions, Medicare taxes, and unemployment insurance taxes.

Class Information

Identification

Label (rdfs)
Payroll Tax Payment
Preferred Label
Workforce Tax Payment
Alternative Labels
Payroll Tax Remittance, Taxes on Payroll and Workforce, Wage Tax Payment
Identifier
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Definition and Examples

Definition
A Payroll Tax Payment, also known as Taxes on Payroll and Workforce, refers to the taxes an employer withholds from employees' wages and pays on their behalf, as well as the employer's own contribution to social security and other employee benefits. These payments include income tax withholdings, social security contributions, Medicare taxes, and unemployment insurance taxes.
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Class Relationships

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Additional Information

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Deprecated
False

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