Assignment 5 - EL5732.pdf - Assignment 5 (20 points)...

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Assignment 5(20 points)Assignment 5: Taxes and CreditInstructionsAssignment QuestionsIn Section 5, you learned about taxes and credit. Now, you'll apply what you learned.TIP: If you want, you can practice filling out the 1040 tax form, but don't turn the tax form into your instructor. The information on that form is personal and should be kept private.1. How does payroll withholding help a company's employees? (1-2 sentences. 2.0 points)
2. List at least three types of tax that a company may have to withhold from employees'paychecks. (1-3 sentences. 3.0 points)

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Term
Fall
Professor
Sandoval

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