Question

Match each type of tax with the correct description.

federal income tax
collected from citizens in most states
Medicare tax
Medicare tax
collected by towns and cities to fund city
programs
state income tax
used to financially support retired people
and people with disabilities
Social Security tax
collected from most citizens, who pay up to
39.6 percent of their earnings
local income tax
used to support healthcare costs for retirees

Answer 1

Federal income tax : Collected from citizens who pay up to 39.6% of their earningsMedicare Tax: Used to support health care costs for retireeState income tax : Collected from citizens in most stateSocial security tax: Used to financially support retired people and people with disabilitiesLocal income tax: Collected by towns and cities to fund city program

Step-by-step explanation:

Answer 2

Step-by-step explanation:

Tax is a compulsory contribution levied by the government on income earners and the profits of those in business in order to raise funds for public expenditures. It comes in various forms as listed.

Federal income tax : Collected from citizens who pay up to 39.6% of their earnings

Medicare Tax: Used to support health care costs for retiree

State income tax : Collected from citizens in most state

Social security tax: Used to financially support retired people and people with disabilities

Local income tax: Collected by towns and cities to fund city program