Ask Question
4 May, 17:34

Which of the following is not a determinant in calculating federal income taxes withheld from an individual's pay? a. number of exemptions b. type of earnings c. gross pay d. filing status

+1
Answers (1)
  1. 4 May, 17:44
    0
    B. Type of Earnings

    Explanation:

    Federal Income Taxes are taxes levied by the Internal Revenue Service (IRS) of the United States and it usually calculated and taken or withheld from the annual income of persons, corporations among other legal organisations.

    The components that get taxed from one's income include the earnings from employment as well as the capital gains and the number of exemptions, gross pay of the individual and the filing status are very important in calculating the tax.

    However, type of earning is a determinant that is only relevant for self-employment and since the individual is an employee, then it will not be relevant for making decisions on deductions from the individual's pay.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following is not a determinant in calculating federal income taxes withheld from an individual's pay? a. number of exemptions ...” 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