A. State unemployement tax
B. federal income tax
C. social security tax
D. federal unemployment tax
? C. social security tax?????
2007-10-23 14:48:49 · 7 answers · asked by josh h 1 in Business & Finance ➔ Taxes ➔ United States
B. AND part of C.
Federal income tax has no limit.
Social Security tax is actually 2 taxes. The Retirement portion has a cap. The Medicare portion does not.
2007-10-23 15:06:01 · answer #1 · answered by STEVEN F 7 · 0⤊ 1⤋
B. Federal income tax.
State unemployment tax is only on the first $6,000-20,000 that an employee earns (depends on the state).
Social security tax is only on the first $97,500 that an employee earns.
Federal unemployment tax is only on the first $7,000 that an employee earns.
There's no maximum amount of federal income tax. You could receive a salary of a trillion dollars, and every bit of it is subject to federal income tax.
2007-10-23 15:12:31 · answer #2 · answered by Plea_of_insanity 5 · 2⤊ 0⤋
B. Federal income tax
2007-10-23 14:50:45 · answer #3 · answered by Anonymous · 1⤊ 0⤋
you would be appropriate on all counts, as properly the Fed does not enable it because of the fact it may desire to nevertheless could desire to very own loan the government the money they mandatory to function and then lose the extra funds the tax payer pays in. one extra way is to change the tax code and visit a flat tax around the board. If we had a flat tax cost at of 17 to 22% on all gross sales without deductions, they might earn extra funds than they do now, with the middle earnings people donning the load. The state did not have a state gross sales tax as quickly as I lived there in the '80's and via sales and vacationer tax terrific that they had between the helpful roads and faculties, hearth and police and reserves than another state, proving that a state does not want the sales tax. merely before I moved to Texas, I lived in Kentucky they frequently had gross sales tax and a similar earnings tax as Texas yet had between the mandatory lesser saved up roads and virtually no reserves. This proves that an earnings tax is the lesser a factor of a gross sales base.
2016-12-15 07:45:58 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Loves me some homework!
Answer is B!!!
Federal Income Tax. Government loves to tax you more the richer you get. Forget the word maximum, more like ESCALATION!!!
All the others have maximum income levels which your required to pay.
2007-10-23 14:53:37 · answer #5 · answered by SNCK 3 · 0⤊ 0⤋
there is NO maximum on B--Federal income tax. In fact, it is graduated so that at certain income levels the PERCENTAGE taken out increases.
2007-10-23 14:59:14 · answer #6 · answered by Mike 7 · 1⤊ 0⤋
I'd be more than happy to answer your question if I did not think you were using Yahoo! Answers to do your accounting homework.
2007-10-23 14:52:23 · answer #7 · answered by acermill 7 · 1⤊ 2⤋