Which of the following is a fundamental distinguishing feature of individual income taxes compared with payroll taxes?
A) Individual income taxes are applied to a more narrowly defined set of income sources.
B) Individual income taxes are applied in many cases to the entire income of a family.
C) Individual income taxes are the primary means of financing social insurance programs.
D) Individual income taxes are applied only on income earned up to a maximum value.

Question

Quizplus · Accepted Answer

Individual income taxes are often applied to the entire income of a family, reflecting their broader base compared to payroll taxes, which are typically levied on wages and salaries up to a certain limit.

Which of the Following Is a Fundamental Distinguishing Feature of Individual