Payroll taxes

Payroll taxes

Assessment

Interactive Video

Business, Health Sciences, Biology

University

Hard

Created by

Quizizz Content

FREE Resource

The video explains payroll taxes, created to fund Social Security and Medicare. Both employers and employees contribute 7.65% of wages, with specific caps for Social Security and Medicare. Certain groups, like ministers and students, are exempt. Self-employed individuals pay both employer and employee portions as self-employment taxes.

Read more

1 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

Evaluate responses using AI:

OFF