what is a difference between payroll and income taxes?\npayroll taxes are itemized deductions from an…

what is a difference between payroll and income taxes?\npayroll taxes are itemized deductions from an individuals paycheck, while income taxes are based on an individuals salary.\npayroll taxes are taken out of an individuals salary once a year, while income taxes are paid by workers every time they get paid.\npayroll taxes are based on an individuals salary, while income taxes are itemized deductions from an individuals paycheck.\npayroll taxes are paid by individuals who have a job, while income taxes are partially funded by employers and employees.

what is a difference between payroll and income taxes?\npayroll taxes are itemized deductions from an individuals paycheck, while income taxes are based on an individuals salary.\npayroll taxes are taken out of an individuals salary once a year, while income taxes are paid by workers every time they get paid.\npayroll taxes are based on an individuals salary, while income taxes are itemized deductions from an individuals paycheck.\npayroll taxes are paid by individuals who have a job, while income taxes are partially funded by employers and employees.

Answer

Brief Explanations:

Payroll taxes are deductions from paychecks related to specific programs (like Social - Security and Medicare) and are based on salary. Income taxes are based on an individual's total income (including non - wage income) and are calculated annually with itemized deductions being one way to reduce the tax liability. Payroll taxes are taken out each pay period, not once a year. Employers also contribute to some payroll taxes, not income taxes in the described way. The correct distinction is that payroll taxes are itemized deductions from an individual's paycheck, while income taxes are based on an individual's overall salary and other income sources.

Answer:

Payroll taxes are itemized deductions from an individual's paycheck, while income taxes are based on an individual's salary.