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Please answer the question. There are certain taxes that are withheld from your paycheck each time you are paid. Which ones are mandatory and which
Please answer the question.
There are certain taxes that are withheld from your paycheck each time you are paid. Which ones are mandatory and which ones are electives? Explain which taxes are paid by the employer and which are paid by the employee. Choose one of these and explain what these taxes pay for? Consider federal, state, or local taxes. For example, who pays Tri-Met taxes? Is it local, is it restricted to certain areas of Oregon or do all Oregonian's pay it? What does it pay for? Who pays it, employer or employee or is it a match? When dealing with these taxes, how would you account for them when recording payroll? Consider both employer and employee taxes being collectedStep by Step Solution
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