Answers 25-26 FL-2106320-United States Government Honors Fiscal PolicyQuestion 5

5

QuizMultiple Choice

Fiscal Policy

Question 5 of 5 • 25-26 FL-2106320-United States Government Honors

What is a difference between payroll and income taxes?

Answer

A

Payroll taxes are itemized deductions from an individual’s paycheck, while income taxes are based on an individual’s salary.

B

Payroll taxes are taken out of an individual’s salary once a year, while income taxes are paid by workers every time they get paid.

C

Payroll taxes are based on an individual’s salary, while income taxes are itemized deductions from an individual’s paycheck.

D

Payroll taxes are paid by individuals who have a job, while income taxes are partially funded by employers and employees.

Back to All Questions

More from this Course

10 verified answers

Fiscal Policy

10 verified answers

Fiscal Policy

10 verified answers

Regulatory Policy