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TeachMeFinance.com - explain Taxable Payroll Taxable Payroll The term 'Taxable Payroll ' as it applies to the area of Medicare in the United States can be defined as ' A weighted average of taxable wages and taxable self-employment income. When multiplied by the combined employee-employer tax rate, it yields the total amount of taxes incurred by employees, employers, and the self-employed for work during the period'. Previous 5 Terms: tauromorphous tawny Tax And Donations Tax Rate Taxable Earnings Next 5 Terms: Taxable Self-Employment Income Taxable Wages taxaceous Taxation Of Benefits Tax-cost About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.