What are Employer Payroll Taxes?
Employer payroll taxes are part of payroll taxes and are taxes levied by government on an employer which are directly related to the size of the wages and salary outlay.
As the following diagram demonstrates, employer payroll taxes are part of the total payroll cost and are paid in addition to the gross pay of the employee.
|Employee Gross Pay||Employer tax|
The employer portion of payroll taxes normally fund insurance and social security systems within the country concerned.
For further information see the Wikipedia definition.
Learn a new bookkeeping term
Random bookkeeping terms for you to discover.
Link to this page
Click in the box and paste this employer payroll tax definition link to your site.