Asked by
Jason Nguyen
on Nov 26, 2024Verified
The actual incidence of payroll taxes, in the consensus view, is
A) split evenly between the worker and the employer.
B) more on the employer than on the worker.
C) more on the worker than on the employer.
D) all on the employer, who remits the tax to the government.
Payroll Taxes
Charges assessed on employers and their workers, based on a percentage of the compensation paid to employees.
Worker
An individual who performs services or labor, usually in exchange for compensation, within an economy.
Employer
An individual or organization that hires and pays people to perform specific jobs.
- Gain insight into how payroll taxes affect workers and business owners, and understand the degree of progressivity within the tax structure.
Verified Answer
CF
Learning Objectives
- Gain insight into how payroll taxes affect workers and business owners, and understand the degree of progressivity within the tax structure.