Which of the following taxes is paid on your salary?
A)Federal income tax
B)Municipal tax
C)Goods and Services Tax
D)Excise tax

Question

Quizplus · Accepted Answer

Federal income tax is paid on an individual's salary. Municipal tax is collected by cities or other local government entities on various goods and services, while Goods and Services Tax is a consumption tax collected by the government on goods and services purchased by consumers. Excise tax is typically applied to specific goods such as tobacco, alcohol, or gasoline, rather than salaries.

Which of the Following Taxes Is Paid on Your Salary