Question

The descriptions are examples of what kind of taxes?

payroll

propertyincome excise

Answer 1

The correct answer to the question is A) payroll taxes.

The descriptions are examples of payroll taxes.

When an employer pays a check to an employee, the Payroll Tax is the kind of tax that the Company withholds from an employee’s salary. The employer pays the tax on behalf of the employee. To calculate this Payroll Tax, the employer bases it on the salary that it is paying to the employee. When the federal authority collects the tax, it deducts concepts such as Medicare, income taxes and Social Security.

Answer 2

Kind of Taxes - Payroll

The descriptions are examples of payroll. A payroll is a record of its workers of a company, the word is generally utilized to relate to the entire value of the currency that a corporation gives to its workers. A list of its employees' wages and payments, gratuities, and reserved charges. The company's office that determines stocks and gives certain.