In addition to federal income tax many people also pay

Posted By Admin @ September 03, 2022

Question:

In addition to federal income tax, many people also pay

corporate tax
state income tax.
local medicare tax.
local social security tax.

Answer:

Tax are levied by government, In addition to federal income tax, many people also pay state income tax.

What is state income tax?

State income tax are tax paid by resident or non resident. They are levied by a state on the income of anyone who earn state sourced and it is remitted to the government.

Therefore, In addition to federal income tax, many people also pay state income tax.

Learn more on tax here,

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