For 2017,Medicare payroll taxes collected from employees represent 1.45 percent of each dollar of labor income earned.The Medicare payroll tax is what type of tax?

Question

Quizplus · Accepted Answer

Medicare payroll tax is a proportional tax, which means it takes a fixed percentage of income, regardless of how much the person earns. In this case, the tax rate is 1.45 percent of labor income earned.

For 2017,Medicare Payroll Taxes Collected from Employees Represent 1