Examlex
The 5Ss
Payroll of Scotland Company
The total amount of wages and salaries paid by Scotland Company to its employees.
Total Payroll Tax
The combined amount of all governmental taxes that an employer is required to withhold and/or pay on behalf of their employees, including federal, state, and local taxes.
Social Security Taxes
Taxes levied on both employers and employees to fund the Social Security program, used for providing retirement, disability, and survivor benefits.
Medicare Taxes
Taxes withheld from employees' paychecks and matched by employers to fund the Medicare program.
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