Accountancy, asked by aadithya900, 1 year ago

Define federal income tax

Answers

Answered by Anonymous
1
system administered by the IRS which collects money based on earned income. Federal income tax is collected through a withholding process where the employer deducts tax from the employee payroll. Extended Definition. Federal income tax is a tax on income and is imposed by the U.S. federal government.
Answered by Aaditya274
1
HEY MATE HERE IS YOUR ANSWER,,,,,

A federal income tax is a tax levied by the United States Internal Revenue Service (IRS) on the annual earnings of individuals, corporations, trusts and other
legal entities.


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