How are payroll taxes different from personal income taxes brainly

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1 answer:

Gemiola [76]3 years ago

4 0

Answer:

They pay for specific social programs rather than general government activities.

Explanation:

Individual Income Taxes

An individual income tax (or personal income tax) is levied on the wages, salaries, investments, or other forms of income an individual or household earns.

Payroll taxes are taxes paid on the wages and salaries of employees to finance social insurance programs. Most taxpayers will be familiar with payroll taxes from looking at their paystub's at the end of each pay period, where the amount of payroll tax withheld by their employer from their income is clearly listed.

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