payroll tax holiday

Popular Terms
In the U.S., the temporary reduction of payroll taxes extended to all working taxpayers under the Tax Relief Act of 2010. The reduction of 2% applies to employee payroll tax contributions made in 2011. Employer contributions are not reduced. A taxpayer who earns $50,000 will realize a savings of $1,000 (2% of $50,000).

Use 'payroll tax holiday' in a Sentence

Sometimes there may be a payroll tax holiday and your workers will be very happy during this time of the year.
20 people found this helpful
The payroll tax holiday was of great benefit to the employee who desired the extra income to buy his daughter a present.
18 people found this helpful
I was a big supporter of the payroll tax holiday because it would allow me to have more money for the year.
15 people found this helpful




Email Print Embed

  • 63537773 2018-02-19
  • 800463772 2018-02-19
  • 483929771 2018-02-19
  • 757618770 2018-02-19
  • 898576769 2018-02-19
  • 784484768 2018-02-18
  • 935121767 2018-02-18
  • 755185766 2018-02-18
  • 681379765 2018-02-18
  • 690204764 2018-02-18
  • 323435763 2018-02-17
  • 688202762 2018-02-17
  • 79305761 2018-02-17
  • 850445760 2018-02-17
  • 747315759 2018-02-17
  • 371174758 2018-02-17
  • 32926757 2018-02-17
  • 129933756 2018-02-16
  • 407764755 2018-02-16
  • 763660754 2018-02-16