What are payroll taxes levied on? a business's profits an individual's dividend income the wages or salaries of a company's employees the goods and services purchased by people a piece of land

the wages or salaries of a company's employees.

Payroll taxes are levied on the wages or salaries of a company's employees usually as a percentage of the salaries they are receiving. The basic reason why this type of tax exists and why this is deducted from the salaries of the working population is because, later onward the employees receive a pension fund from this same tax funds that they paid.

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