look at a portion of a sample paycheck: the descriptions are examples of what kind of taxes? description…

look at a portion of a sample paycheck: the descriptions are examples of what kind of taxes? description 5,989.84 309.54 fed withholding 1,323.53 fed med/ee 1,407.62 fed oasdi/ee ny withholding ny new york withhold payroll property income excise

look at a portion of a sample paycheck: the descriptions are examples of what kind of taxes? description 5,989.84 309.54 fed withholding 1,323.53 fed med/ee 1,407.62 fed oasdi/ee ny withholding ny new york withhold payroll property income excise

Answer

Brief Explanations:

Payroll taxes are withheld from employee paychecks for Social - Security, Medicare, etc. Fed Withholding, Fed MED/EE, Fed OASDI/EE are related to payroll. State withholdings like NY Withholding are also part of payroll - related deductions. Property taxes are on property ownership, income taxes are broader on total income, and excise taxes are on specific goods and services. These are payroll taxes.

Answer:

payroll