payroll tax

American  

noun

1. a tax levied against the amount of wages and salaries paid workers.

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Etymology

Origin of payroll tax

First recorded in 1980–85

Example Sentences

The entitlement is funded by a 0.88 percentage-point payroll tax.

From The Wall Street Journal

Social Security payroll tax: $8,680.

From Los Angeles Times

By contrast, Social Security is funded by a 12.4% payroll tax that’s split evenly between employee and employer.

From Barron's

Payroll tax revenue is insufficient to fund benefits, forcing Berlin to tap into general tax revenue to fill a gap of €96 billion for the social-insurance system as a whole last year.

From The Wall Street Journal

Contributions above that level now will be subject to the payroll tax of 15% split between employer and employee.

From The Wall Street Journal