18
QuizMultiple Choice

Planning for the Cost of College — Unit test

Question 18 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

Which is a kind of federal payroll tax?

Answer
A
medicare tax
B
sales tax
C
property tax
D
progressive tax

Explanation

Medicare tax is a federal payroll tax withheld from workers’ wages to help fund Medicare. Sales tax and property tax are generally state or local taxes, while “progressive tax” describes a tax structure rather than a specific payroll tax.

AI-written and checked against the verified answer.

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