Asked by
Jasmyne Harvey
on Oct 13, 2024Verified
In 2010,a married couple with one child earning $32,000 would pay $2,448.00 in payroll tax and $__________ in federal income taxes.
A) more than $2,000
B) about $1,000
C) more than $750
D) 0
Payroll Tax
Assessments required from employers or their employees, usually expressed as a percentage of the remuneration that staff earn.
Federal Income Taxes
Taxes levied by the national government on individual and business earnings.
Married Couple
A legally recognized union between two individuals, typically involving a public declaration of commitment.
- Understand the sources of government revenue and how tax policies affect different income groups.
Verified Answer
JG
Learning Objectives
- Understand the sources of government revenue and how tax policies affect different income groups.