Payroll Tax Liabilities Definition

Any amount withheld from an employee’s pay and payable to a federal, state, or local tax agency.

Payroll Tax Liabilities Extended Definition

Most common payroll tax liabilities include federal and state income, Social Security, and Medicare taxes. Employers withhold the proper amounts from an employee’s payroll check and remit the taxes according to a set schedule.

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Patriot Software | Jan 30, 2015