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  • Card 6 / 19:
    If an individual owns a corporation for which he is the only employee, which different types of federal tax will he have to pay?

    Corporate income tax on his profits, individual income tax on his salary, and payroll tax taken out of the wages he pays himself.

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Source:  OpenStax, Principles of macroeconomics. OpenStax CNX. Jan 09, 2015 Download for free at http://legacy.cnx.org/content/col11750/1.2
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