Question

Each of the following taxes is typically withheld from your paycheck, EXCEPT?

O Medicare
O Social Security
O Property tax
O Federal income taxes

Answer 1

Property tax is not typically withheld from your paycheck, unlike Medicare, Social Security, and federal income taxes.

Step-by-step explanation:

The tax that is typically not withheld from your paycheck is property tax. The taxes commonly withheld include Medicare and Social Security, which are both payroll taxes, and federal income taxes. Employers and employees split the payroll taxes, with 6.2% for Social Security and 1.45% for Medicare being deducted from the employee's paycheck. While employers also contribute a matching amount, it's often argued that this cost is passed onto employees through lower wages. Property taxes, however, are generally paid directly to local governments and are based on property values, not deducted from paychecks.