Examlex
Which of the following statements is true?
Employer Identification Number
A unique nine-digit number assigned by the IRS to businesses for purposes of identification and tax reporting.
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.
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