Employers remit taxes withheld to the federal government and often to state governments. The government uses this tax revenue to provide public goods and services for the benefit of the entire community.
This happens to the money that your employer withholds from your paycheck.
Money is an object or verifiable record that is commonly used in a particular country or socio-economic situation as payment for goods and services and to repay debts such as debts. B. Taxes are accepted.
Money is a commodity generally accepted as an economic medium of exchange. It is a medium for expressing prices and values. It circulates from person to person and country to country, facilitating trade and becoming a major measure of wealth.
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