PACS: Taxes

Income Tax - deduction from employee's paycheck

Sales Tax - taxes when you pay for goods and services

Sales Tax - taxes when you pay for goods and services

Payroll Tax - withheld and paid by your employer/boss/company

A tax is a mandatory fee imposed by the government or other similar organization. The federal government charges an income tax. When people work, they earn an income that helps pay for things like their homes, food, and clothes. Most employees are paid with paper or electronic paychecks; sometimes, the income tax is automatically deducted out of each paycheck.

Most employees are paid with paper or electronic paychecks; sometimes, the income tax is automatically deducted out of each paycheck.

If you've ever noticed that the price of something you buy at a store upon checkout is higher than the listed price, then you've just witnessed a sales tax that your state charges.