A tax levied on the amount of a payroll or on the amount of an employee's gross pay isa(n):
A)Payroll tax.
B)Employee tax.
C)Excess profits tax.
D)Employer tax.
E)Federal program.

Question

Quizplus · Accepted Answer

A payroll tax is a tax levied on the amount of a payroll or an employee's gross pay. It is typically split between the employer and employee, with the employer withholding the tax from the employee's paycheck and remitting it to the government. Examples of payroll taxes include Social Security and Medicare taxes.

A Tax Levied on the Amount of a Payroll or on the Amount