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The term "payroll taxes" is often used to refer to

tarasen57

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The term "payroll taxes" is often used to refer to

Question 1.

Over the past 40 years in the United States, federal revenues as a share of gross domestic product have

• risen steadily and now are about 40 percent.

• ranged between 17 and 19 percent.

• fallen below 10 because of rapid economic growth.

• been limited by law to no more than 20 percent.

Question 2.

The term "payroll taxes" is often used to refer to

• individual income taxes that are withheld from paychecks.

• corporate income taxes.

• Social Security and Medicare taxes.

• sales taxes.

Textbook

Microeconomics

Edition: 7^th

Authors: Hubbard, O'Brien

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