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What Is a Payroll Tax Expense?
A payroll-tax expense is a tax paid on payroll, either by the employer or the employee. Payroll-tax expenses add a significant amount...
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Definition of Payroll Taxes
Payroll taxes are taxes paid by the employee and employer before the employee gets his paycheck. As opposed to income tax, there...
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What Is a Payroll Tax?
When you get paid you don't get all the money your employer "owes" you. If you look at your paycheck stub, you'll...
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How to Calculate Hourly Time for Payroll
Most large companies have a payroll department, but if you're a smaller business, chances are that you, as an owner, are going...
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History of Payroll Taxes
Payroll taxes, also known as FICA (Federal Insurance Contributions Act) taxes, are made up of the Social Security tax and the Medicare...
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What Is Federal Payroll Tax?
The Tax Policy Center notes that payroll taxes that fund Social Security, Medicare, unemployment benefits and some retirement programs, were responsible for...
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Social Security Payroll Tax History
President Franklin D. Roosevelt signed the Social Security Act into law in 1935. This law provided retirement benefits to the primary worker....
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What Taxes Are Recorded When Recording Payroll Tax Expenses?
The payroll process involves paying employee wages, withholding taxes and other deductions from employee paychecks and paying the employer's payroll taxes. While...
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IRS Holiday Gifts & Tax Rules
IRS Holiday Gifts & Tax Rules. The IRS regards some gifts as taxable income for the recipient. The IRS makes distinctions between...
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Payroll Tax Deductions
Payroll tax deductions are levied on nearly all working people in the United States. Known as the Federal Insurance Contributions Act, this...
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Definition of Semimonthly Payroll
Traditional paydays in the United States include weekly, biweekly, semimonthly and monthly. State law usually mandates employers to pay employees by at...
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Payroll Tax Act of 1971
The Payroll Tax Act of 1971 governs payroll tax in the state of Queensland, Australia. Last updated by the Reprints Act of...
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What Is the Payroll Tax Credit?
The payroll tax credit is a tax exemption for eligible employers. The tax credit reduces the burden of Social Security tax paid...
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IRS Payroll Tax Deposit Rules
As an employer, you are responsible for paying state and federal payroll taxes on behalf of your employees. Some payroll taxes, such...
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How to Calculate the Federal & State Payroll Tax for the Self-Employed
Self-employment is the fond dream for many. You can set your own hours, manage matters according to your preference and, of course,...
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Self-Employed Payroll Taxes
The federal government gets money for Social Security and Medicare through a payroll tax, a cost shared equally between workers and their...
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Internal Control Procedures in Payroll
Internal controls for payroll exist to ensure payroll is properly disbursed to the appropriate employees, that it's accurately recorded, and that the...
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How to Estimate Payroll Taxes
Employees by law must pay certain payroll taxes. Your employer is responsible for withholding these taxes and for remitting them to the...
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How to calculate Social Security payroll taxes for 2011
In an effort to help spur U.S. economic recovery, Congress modified Social Security tax rates for the 2011 tax year. This is...
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What Are Payroll Taxes Used For?
Many of us look in disgust at the amount of money withheld from our paychecks each and every payday. But the truth...
