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Social security and medicare are progressive taxes. payroll taxes. local taxes. corporate taxes.

Ashley Howard

in Business

1 answer

1 answer

Deborah Edwards on December 24, 2018

Social security and medicare are payroll taxes. Payroll taxes are the state and federal tax that all employers must pay, based on a percentage of the employee's salary. Payroll taxes are often tied directly to government programs, such as social security that provides monthly benefits to retirees, military families, surviving families of deceased workers, and disabled people.

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