For which of the following taxes is there no limit on the amount of annual earnings subject to the tax?
A)Federal income tax
B)Federal unemployment tax
C)Social Security tax
D)State unemployment tax

Question

Quizplus · Accepted Answer

Federal income tax has no limit on the amount of annual earnings subject to the tax. Unlike Social Security tax, which has a wage base limit, and federal and state unemployment taxes, which also have wage base limits, federal income tax applies to all earned income regardless of the amount.

For Which of the Following Taxes Is There No Limit