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A constitutional amendment allowing Congress to impose a federal income tax on individuals and corporations went into...

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General Management

A constitutional amendment allowing Congress to impose a federalincome tax on individuals

and corporations went into effect in 1913. Since then, Congresshas passed many laws

dealing with the federal income tax. One law that has animportant effect on payroll work

is the Current Tax Payment Act of 1943. What is the term used todescribe this law and do you

consider it a just law? What is the current administrationsapproach to this law?

Answer & Explanation Solved by verified expert
4.4 Ratings (671 Votes)
The Current Tax Payment Act of 1943 is best described by the term payasyougo The payasyougo tax system requires the employers to withhold a portion of employees wages for the tax purpose I do not consider    See Answer
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