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payroll department assess income From Wikipedia, the free encyclopedia go 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 visualise of the subject. Please cleanse this article and discuss the issue on the talk page. (December 2010) Payroll task generally refers to two disparate 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 back advance payment of income tax and hearty security contributions. The game kind is a tax that is paid from the employers own gold and that is directly related to employing a worker, which can co nsist of a fixed charge or be proportionally joined to an employees pay. The charges paid by the employer commonly cover the employers funding of the social security system. Contents 1 In the coupled 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 landed estate 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 compel on employers and employees and on various compensation bases and are pile up and paid to the taxing jurisdiction by the employers. Most...If you penury to make a full essay, order it on our website: OrderCustomPaper.com

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