payroll taxes. true or false?

Question

The cash in bank account is credited for the total amount that is paid by the employer to the epmployees?

Answer 1

Your payroll is taxed on what your employer pays you, not on what you have in the bank.

If you have money in a savings account, then you can be taxed on the interest it earns because that is technically income.

If you have a simple checking account, that money has already been taxed so there are no taxes due on it.

Answer 2

True, as long as you are referring to the amount of the paycheck! If you're referring to gross pay then no, that is not true.