Bookkeeping

What is Payroll Tax? Definition & Example Video & Lesson Transcript

Content Voluntary deductions Payroll System Innovation: Yesterday, Today and Tomorrow Deduct Taxes (FICA, Unemployment, and Income Taxes) Pros & Cons to Changing Payroll Systems Is Payroll Part of HR or Accounting? More from Merriam-Webster on payroll The Federal Insurance Contributions Act is a U.S payroll tax deducted to fund the Social Security and Medicare programs. …

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