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The Water Cooler
General Discussion
Payroll Taxes verus Income Taxes
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<blockquote data-quote="gl55" data-source="post: 1752783" data-attributes="member: 729"><p>I guess this is a serious question?</p><p>Payroll taxes are the FICA withholdings on your pay detail. Supposed to fund Social Security benefits.</p><p>Income taxes are the Federal and State taxes withheld less what you get back as a refund or plus what you pay additionally to the IRS and OK Tax Comm when you file income tax returns.</p></blockquote><p></p>
[QUOTE="gl55, post: 1752783, member: 729"] I guess this is a serious question? Payroll taxes are the FICA withholdings on your pay detail. Supposed to fund Social Security benefits. Income taxes are the Federal and State taxes withheld less what you get back as a refund or plus what you pay additionally to the IRS and OK Tax Comm when you file income tax returns. [/QUOTE]
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Payroll Taxes verus Income Taxes
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