Social Security payroll taxes are
A) proportional with a rate of 7.65 percent.
B) indirect taxes.
C) progressive because total taxes increase with income.
D) regressive because the tax is not applied after reaching an income threshold.
Correct Answer:
Verified
Q84: A head tax applied to each person
Q85: Compared to other countries, the U.S.federal government
Q86: The second largest source of revenue for
Q87: Which of the following is a direct
Q88: Examples of indirect taxes are
A)income taxes levied
Q90: State personal income taxes are
A)payroll taxes.
B)excise taxes.
C)direct
Q91: Homeowners
A)are subject to double taxation.
B)benefit from several
Q92: A tax loophole is
A)an illegal method by
Q93: The way in which most persons pay
Q94: The exemption of municipal bond interest income
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