Question

What would most likely happen if the government increased payroll taxes? retirees would discover they have fewer benefits than they’d anticipated. citizens would have to wait far longer to collect their benefits. workers would have less money to take home each week. government officials would please everyone involved.

Answer 1

Answer:

Its C

workers would have less money to take home each week

Explanation:

Answer 2

The government's increased payroll taxes result in workers having much less money to spend on domestic every week.

What is the payroll tax?

A payroll tax is a percent withheld from an employee's pay via the means of an agency that will pay it to the authorities on the employee's behalf.

The tax is primarily based on wages, salaries, and tips paid to employees. Federal payroll taxes are deducted immediately from the employee's income and paid to the Internal Revenue Service (IRS).

Most states and a few towns and counties impose earnings taxes as well, and those quantities are paid immediately into their coffers.

In addition, employers, who are now no longer employees, additionally pay federal unemployment taxes for every one of their employees.

From the above assertions, it's clear that the precise solution is that workers could have much less cash to spend on domestic every week.

Learn more about payroll tax, refer to:

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