BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Payroll taxes consist of income taxes, Social Security, Medicare, and unemployment taxes.
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True
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False
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Explanation:
Detailed explanation-1: -Payroll taxes include payments for Social Security and Medicare. There are also federal income taxes that must be paid. These payments do not go into a specific fund like the Social Security and Medicare taxes do.
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