Question 1

What is a payroll tax?

Accepted Answer

Deductions from pay for income tax, Social Security tax, and Medicare tax

Answer

A tax Used to support local education, fire and police protection, the work of the local government, and some free medical services

Answer

Paid to the federal government based on your income

Answer

Tax paid on goods and some services

Question 2

Check this calculation and see if it’s correct.

Income tax: $47.00

Social Security tax: $35.96

Medicare tax: $8.41

Total payroll taxes: $91.37

Net Pay: $397.26

Accepted Answer

<P>Correct</P>

Answer

<P>Incorrect</P>

Question 3

Why do we pay taxes?

Accepted Answer

All of the Above

Answer

We pay to help fund defense

Answer

We pay to improve and maintain public infrastructure

Answer

We pay to fund local government projects

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