When looking at her pay stub, Sarah noticed approximately 20% of her income had been taxed, leaving
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Question:
When looking at her pay stub, Sarah noticed approximately 20% of her income had been taxed, leaving her take-home pay much less than her gross income. In addition to state and federal income taxes, she saw FICA taxes and unemployment taxes as well. Those two types of taxes are called
a. payroll taxes.
b. value-added taxes.
c. service taxes.
d. sales taxes.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: