Match the Following Statements

question 113

Essay

Match the following statements.

---

Definitions:

Payroll Tax

Taxes imposed on employers or employees, usually calculated as a percentage of the salaries that employers pay their staff.

Personal Income Tax

A levy imposed by governments on the income of individuals, where the tax rates typically vary based on income levels.

Medicare Tax

A tax that funds Medicare, a U.S. government health insurance program for individuals aged 65 and over or with certain disabilities.

Direct Tax

is a type of tax directly imposed on individuals or entities, such as income tax and property tax, which cannot be passed onto others.