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Payroll Taxes and Compliance Overview by Mallika Shounik is a document available to read on EtoBox.
What is Payroll Taxes and Compliance Overview about?
Payroll refers to the salaries, wages, bonuses, and deductions paid to employees for their work during a period of time. It plays a major role for companies for accounting, legal, and ethical reasons. The primary mission of the payroll department is to ensure employees are paid accurately and timely with the correct tax withholdings and deductions, which are remitted to the appropriate authorities. Payroll taxes include income taxes, Social Security taxes, Medicare taxes, state taxes, and other local taxes
- Author
- Mallika Shounik
- Language
- EN