Answered

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Which of the following would be considered a payroll tax?

A. Capital gains tax
B. Social Security payment
C. 401K withholding
D. Health insurance payment

Sagot :

GinnyAnswer

Final answer:

Payroll taxes are taxes paid by employers on employee wages, including deductions from wages and employer-based taxes.


Explanation:

Payroll taxes are taxes that employers are required to pay when they pay salaries to their staff. These taxes generally include deductions from an employee's wages and taxes paid by the employer based on the employee's wages. An example of a payroll tax is the tax that funds Social Security and Medicare.


Learn more about Payroll taxes here:

https://brainly.com/question/5564730


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