Asked by Jennifer Cardona on Mar 10, 2024
Verified
_____ taxes are paid on wages.
A) Income
B) Profits
C) Property
D) Sales
Income Taxes
Taxes levied by government on individuals' or corporations' income, where the tax rates can vary depending on the income level.
Wages
Payments made to workers for their labor, typically calculated on an hourly, daily, or piecework basis.
- Examine the influence of tax policies on public income and economic activities.
Verified Answer
AS
Aamet SubediMar 10, 2024
Final Answer :
A
Explanation :
Income taxes are levied on the income earned by individuals/employees, which includes wages, salaries, tips, and other sources of income.
Learning Objectives
- Examine the influence of tax policies on public income and economic activities.
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