Question

A payroll tax is a tax on:

• A. Profits earned by businesses
• B. Interest earned on investments
• C. Sales made by consumers
• D. Wages paid to employees and is often used to fund social programs like Social Security. Right answer

Answer 1

Answer:

D. Wages paid to employees and is often used to fund social programs like Social Security. Right answer

• Payroll taxes, like FICA in the US, are taxes levied on employee wages and are used to fund specific social programs.