Examlex
Which of the following is a true statement?
Internal Revenue Service
The United States government agency responsible for the collection of taxes and enforcement of tax laws.
Local Taxes
Taxes imposed by local governments such as cities and municipalities, which can include property taxes, sales taxes, and income taxes.
Net Pay
The amount of salary or wages that is left after all deductions, such as taxes and social security contributions, have been subtracted.
Paycheck Amount
is the sum of money an employee receives from their employer as a result of their work, usually outlined on a paycheck.
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