The answer to the post title is “Income Tax”. This is a type of payroll tax that is deducted from an employee’s salary each pay period and is used to contribute to federal government revenue.

The meaningful message from the payroll tax is that the wider the range of income, the higher the tax rate. This concept is essential to understanding personal finance and taxes. First, it is important to note that the payroll tax is a type of tax imposed on an individual’s wages or salary. The tax rate …

A Key Lesson From The Payroll Tax Is That The – (FIND THE ANSWER) Read More »