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payroll department assess income From Wikipedia, the free encyclopedia derail 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 opine of the subject. Please cleanse this article and discuss the issue on the talk page. (December 2010) Payroll impose generally refers to two contrary 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 cover song advance payment of income tax and favorable security contributions. The siemens kind is a tax that is paid from the employers own funds and that is directly related to emplo ying a worker, which can consist of a fixed charge or be proportionally conjugated 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 domain 3 References 4 External links In the United States In the United States, payroll taxes are assessed by the federal government, all fifty states, the District of Columbia, and numerous cities. These taxes are impose on employers and employees and on various compensation bases and are placid and paid to the taxing jurisdiction by the employers. Most...If you penury to pop a full essay, order it on our website: OrderCustomPaper.com

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