Before considering the payroll taxes we'd like to speak regarding the essential formula for cyber web Pay. From gross pay (the earnings paid to the employee) one or a lot of deductions square measure deducted, to make internet Pay. so the employee's gross pay (pay rate times variety of hours worked, together with any overtime) minus payroll tax deductions, minus voluntary payroll deductions, is up to internet Pay. Payroll tax deductions play a essential role and since they're provided by law they're called Statutory payroll tax deductions.
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· 2 years ago