LINGO: Payroll Tax

 

Lillian Mills explains where the chunk of money missing from your paycheck goes.

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Mentioned in this Article

Lillian Mills

Professor, Department of Accounting

Lillian Mills received her BA from the the University of Florida and her Ph.D. from the University of Michigan. Her research interests include...

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Kristen Maxwell

Digital Media Producer, McCombs School of Business

I tell stories with moving pictures and sound. Everything else is just details.

Comments

#1 Payroll taxes are the

Payroll taxes are the responsibility of every employer & is one of the important concepts in taxation.The charges paid by the employer usually cover the employer's funding of the social security system.