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What is the purpose of payroll taxes?

  • Question 4c of 10 - Taxes

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: What is the purpose of payroll taxes?
  • Answers:
  1. To decrease purchasing power
  2. To pay for specific social programs
  3. To provide government revenues
  4. To reduce demand for harmful goods

The correct answer is: To pay for specific social programs. Payroll taxes are targeted to support specific government activities such as the Social Security program.

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