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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 economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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