What is an Income Tax? for education

If your employer pays more than $5,250 for educational benefits for you during the year, you must generally pay tax on the amount over $5,250. Your employer should include in your wages (Form W-2, box 1) the amount that you must include in income.

Explanation:

Explanation:

An income tax is a tax imposed on individuals or entities that varies with respective income or profits. Income tax generally is computed as the product of a tax rate times taxable income. Taxation rates may vary by type or characteristics of the taxpayer. The tax rate may increase as taxable income increases

answer; ///(c) i believe its it ignores cash flows following the payback period;

answer; ///i believe the correct answer is (c) laissez-faire;