BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What are the four most common taxes that come out of a person’s payroll check?
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Federal Income Tax
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State Income Tax
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City/Local Income Tax
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Medicare Tax
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Social Security
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Explanation:
Detailed explanation-1: -They consist of federal income tax, Federal Insurance Contributions Act (FICA) tax (Medicare and Social Security) and state income tax. To file them correctly, you need to know the work status of your employees.
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