Ask Question
26 June, 02:44

What is a kind of federal payroll tax

A) Medicare tax

B) sales tax

C) property tax

D) progressive tax

+4
Answers (2)
  1. 26 June, 02:45
    0
    The answer is A)

    Medicare tax is a kind of federal payroll tax
  2. 26 June, 02:46
    0
    Medicare tax (A)

    Explanation:

    A payroll tax is a tax imposed on employers and employees of labor, it is calculated as a percentage of the salary of the employee. they are divided into two types some are deducted directly from the employees wages by the employer and the other is paid by the employer based on the salary that his employee receives.

    A federal payroll tax is tax deducted/paid to the federal Government and they grouped into:

    Federal insurance contribution act (FICA) under this federal payroll tax we have the social security tax for taking care of aged people in the society and also disabled people and the medicare tax which is used to fund the health insurance of the medicare department. self employment which is paid by people who are self employed. this type of tax is used to fund social security and medicare as well.

    HENCE Medicare tax is a federal payroll tax.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is a kind of federal payroll tax A) Medicare tax B) sales tax C) property tax D) progressive tax ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers