Question

What is federal income tax?

Answer 1

First off if you ever look at someone's paycheck it has a spot on there that tells you how much is taken away. There are so many different things associated with federal income tax. Social Security, Medicare, and Medicaid are all taken out due to Federal Income Tax. Social Security is suppose to pay you back for all they have taken once you retire.

Answer 2

Federal income tax is the income tax you pay to the federal government. The income tax is determined by a schedule or a table. The more you make, the more you will end up paying.