Which Is Not True of Current U.S.payroll Taxes

question 114

Multiple Choice

Which is not true of current U.S.payroll taxes?

• A)They are used to fund Social Security.
• B)They account for about 35 percent of federal revenues.
• C)They are proportional taxes because there is only one listed tax rate.
• D)They are levied on wages and salaries but not investment income.

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