Income Tax

Of taxation.

A personal tax levied on annual income.

This concept's ID is @1~66623

Contains

  • withholding 1 facts

    Income tax withheld from employees' wages and paid directly to the government by the...

  • estimated tax 0 facts

    Income tax paid periodically on income that is not subject to withholding taxes; based...

  • bracket creep 0 facts

    A movement into a higher tax bracket as taxable income increases.

  • surtax 0 facts

    An additional tax on certain kinds of income that has already been taxed.

  • FICA 0 facts

    A tax on employees and employers that is used to fund the Social Security system.