Which of the following is an example of a payroll tax?
A)a tax on the wages that a firm pays its workers
B)a "sin" tax on distilled alcohol
C)a tax on corporate profits
D)the portion of federal income taxes earmarked to pay for national defense

Question

Quizplus · Accepted Answer

A payroll tax is a tax that is directly deducted from an employee's paycheck. Option A is the only choice that directly mentions a tax on wages paid by a firm to its workers, making it the correct choice for this question. Option B is a sin tax, option C is a corporate tax, and option D is a federal income tax, none of which are payroll taxes.

Which of the Following Is an Example of a Payroll