Total Payroll Taxes
The sum of all payroll taxes paid by the organization. Monitoring this ensures that the company is compliant with tax obligations and helps in budgeting and financial forecasting.
Sum of all payroll taxes (employer and withheld from employees).
If a company pays $200,000 in employer payroll taxes and withholds another $300,000 from employee salaries, the total payroll taxes would be $500,000.