payroll tax
noun
1
: a tax that is paid by a company and that is based on the amount of money that the company spends paying all of its employees
2
: money that is taken from a person's pay and given directly to the government as income tax
Examples of payroll tax in a Sentence
Recent Examples on the Web
The program faces financial challenges, primarily due to demographic shifts and rising benefit costs that outpace payroll tax revenue.
—
Thomas G. Moukawsher, Newsweek, 4 Mar. 2025
This pause came after Apple had committed in 2021 to build the campus by 2031 as part of a deal that could provide up to $845 million in payroll tax benefits.
—Jackie Snow, Quartz, 3 Mar. 2025
As of 2023, the state had awarded the company more than $1.6 million through payroll tax benefits for achieving initial hiring targets.
—Catherine Muccigrosso, Charlotte Observer, 11 Feb. 2025
In a 2020 Forbes column, Oz proposed covering all Americans, except those on Medicaid, with MA-type plans funded with a new 20 percent payroll tax.
—Howard Gleckman, Forbes, 10 Dec. 2024
See All Example Sentences for payroll tax
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Thomas G. Moukawsher, Newsweek, 4 Mar. 2025
This pause came after Apple had committed in 2021 to build the campus by 2031 as part of a deal that could provide up to $845 million in payroll tax benefits.
—Jackie Snow, Quartz, 3 Mar. 2025
As of 2023, the state had awarded the company more than $1.6 million through payroll tax benefits for achieving initial hiring targets.
—Catherine Muccigrosso, Charlotte Observer, 11 Feb. 2025
In a 2020 Forbes column, Oz proposed covering all Americans, except those on Medicaid, with MA-type plans funded with a new 20 percent payroll tax.
—Howard Gleckman, Forbes, 10 Dec. 2024
See All Example Sentences for payroll tax
Cite this Entry
“Payroll tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/payroll%20tax. Accessed 13 Mar. 2025.
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