Payroll Tax

Payroll Tax
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Storyboard Text

  • The carnival should have given me $200 this week for working a stand, but my check only gave me $160!?
  • What's that???
  • You didn't make that exact amount because of something called payroll tax.
  • Payroll tax is basically where they take out money for like medicare, social security, retirement and many other things for your future!
  • Also, the deductions made are determined by your wage, and the taxes paid by the employer based on the employee's wages.
  • OOOH that makes so much sense now! Thanks for explaining that!
  • No problemo!
  • Thanks to payroll taxes, Im chillin now.
  • 40 years later...
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