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payroll department assess income From Wikipedia, the free encyclopedia rush out 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 take up of the subject. Please cleanse this article and discuss the issue on the talk page. (December 2010) Payroll evaluate generally refers to two diametrical kinds of similar taxes. The firstly kind is a tax that employers are 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 application program advance payment of income tax and kind security contributions. The stand by kind is a tax that is paid from the employers own pecuniary resource and that is directly re lated to employing a worker, which can consist of a fixed charge or be proportionally link up to an employees pay. The charges paid by the employer commonly cover the employers funding of the social security system. Contents 1 In the unite 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 nation 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 enforce on employers and employees and on various compensation bases and are still and paid to the taxing jurisdiction by the employers. Most...If you penury to lounge about a full essay, order it on our website: OrderEssay.net

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