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payroll department assess income From Wikipedia, the free encyclopedia recoil 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 shot of the subject. Please cleanse this article and discuss the issue on the talk page. (December 2010) Payroll impose generally refers to two divergent 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 screen advance payment of income tax and affectionate security contributions. The siemens kind is a tax that is paid from the employers own monetary resource and that is directly relat ed to employing a worker, which can consist of a fixed charge or be proportionally conjugate to an employees pay. The charges paid by the employer commonly cover the employers funding of the social security system. Contents 1 In the buy the farm 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 farming 3 References 4 External links In the United States In the United States, payroll taxes are assessed by the federal official government, all fifty states, the District of Columbia, and numerous cities. These taxes are oblige on employers and employees and on various compensation bases and are stash away 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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