compulsory payroll tax

Definition of "compulsory payroll tax"
  1. A mandatory financial charge collected from both employers and employees to fund specific programs
How to use "compulsory payroll tax" in a sentence
  1. Because of the compulsory payroll tax, a portion of every paycheck goes towards state programs.
  2. The government uses compulsory payroll tax to fund social security.
  3. Startup companies have to budget for the compulsory payroll tax while setting employee wages.

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