12
AssignmentMultiple Dropdowns

Paying Taxes

Question 12 • Personal Finance - EL3403

X payroll taxes corporate income taxes✔ individual income taxes

Answer
Forty-two percent of federal revenue comes from .:

individual income taxes

Income taxes paid by businesses and corporations make up about of federal revenue.:

9%

Taxes collected for Social Security and Medicare make up of federal revenue.:

40%

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