Which of the Following Is Not True of a Payroll

question 130

Multiple Choice

Which of the following is not true of a payroll tax?

• A)It is the same as personal income tax.
• B)It includes Medicare tax.
• C)It includes Social Security tax.
• D)It includes unemployment tax.
• E)It is a tax based on wages and salary income.

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Definitions:

Postulate Of Economics

Fundamental assumptions that serve as the foundation for economic theories and models, such as rational behavior and market efficiency.

Incentives

Factors, either monetary or non-monetary, that motivate individuals or businesses to act in a certain way.

Scarce

A characteristic of resources that are limited in availability, which can lead to competition for their use.

Freely Available

Resources, information, or products that can be accessed or obtained without any payment or restrictions.