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Income taxes are used for a wide variety of government activities while payroll taxes pay for specific programs.
What else can I help you with?
What is the difference between income taxes and payroll tax?
Income taxes are used for a wide variety of government activities while payroll taxes pay for specific programs.
What is a the difference between an income tax and a payroll tax?
Income taxes are used for a wide variety of government activities while payroll taxes pay for specific programs.
Difference between income tax act and income tax rule?
The income tax act focuses its concern on total income and the income tax rule focuses on which types of income are taxable. That is the biggest difference between the two.
Difference between income tax and withholding tax?
The income tax is what is paid by "withholding of tax" from someones payment/pay. Other taxes or charges, like insurance, worker comp, etc may be [apd by withholding the amount from payment/payroll. There is really no such thing as a tax on withholding.
Is Payroll Tax considered Income Tax?
Yes. Any tax on income is income tax. Taxes imposed after income, such as sales tax, aren't.
What is the difference between income tax expense and income tax payable?
Income statement & balance sheet.
Whats the difference between tax free income and taxable income?
You pay tax on taxable income and you don't on tax free income
What is difference between tax free and taxable income?
You don't pay tax on the tax-free pay and you do pay tax on taxable income
What is FITW in payroll?
Federal Income Tax Withholding.
What is the difference between Accrued income tax and deferred income tax?
we dont have an idea either. thanks wharton
What is the difference in tax rates between k1 income and 1099 income?
The difference in tax rates between K-1 income and 1099 income is that K-1 income is typically taxed at the individual's personal tax rate, while 1099 income is subject to self-employment taxes in addition to income taxes.
What is a tax on what people earn?
Depending on how broad your interpretation of "earn" is, it can be a wage tax, a payroll tax, or an income tax.
