BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Payroll Tax is-
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the amount of money you actually get to take home
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FREE MONEY
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tax taken out of your paycheck by your employer or boss
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tax when you buy something
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Explanation:
Detailed explanation-1: -Payroll taxes, or withholding taxes, are withheld from an employee’s paycheck and paid to the IRS. The employee contribution rate is 7.65%, which goes toward Social Security and Medicare. Employers must withhold federal income tax in addition to any state or local taxes.
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