What is the difference between an income tax and a payroll tax?

mikaqimi · 08-10-09

What is the difference between an income tax and a payroll tax?

A. Income taxes reduce the demand for harmful goods while payroll taxes don't affect this demand.
B. Income taxes are collected based on income while payroll taxes are collected based on wealth.
C. Income taxes are used for a wide variety of government activities while payroll taxes pay for specific programs.
D. Income taxes increase the purchasing power of the government while payroll taxes increase the purchasing power of workers.

jenifer1 · 14-12-11

Payroll tax & Income tax are two different terms related to finance or accounts.A professional bookkeeper can analyze both term & clear the term ,actually a bookkeeper can solve all question regarding finance or accounts.Success of a business is depend upon it's financial status.If the financial status of a business is good then the growth of the company is better.
In a small scale company financial status play most important role.To mange your account you can hire a Bookkeeper.Now days a lot of organization that is offering Online Bookkeeping Services.