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Payroll Tax Rates

What is Payroll Tax Rates?

Employee payroll taxes refer to the reductions from an employee's wages that include:

For employers, the payroll taxes are

For tax rates within payrolls, it keeps on changing from year to year basis by IRS Internal Revenue Service US Government.

Therefore, employers and Employees are suggested to follow the IRS official website for such withholdings/ payroll tax deductions and their rates.

Payroll tax rates as of 2020

Related: Federal Income Tax (FIT)Payroll, Payroll Software, Payroll Activities, Payroll Service, Employer Payroll Taxes, CPP