Question

2. You get your first W-2 tax form to file. Your boss has been at the company for over 20 years and also has to file a tax form. Do you think you both will pay the same amount in taxes? Why or why not?

Answer 1

No, he'll pay more because he has a bigger salary, and therefore, more taxes are taken out of his salary than your lower salary.

Let's say you both get 10% taken out of your paycheck in taxes. If he has a higher salary, 10% of his salary will be higher than 10% of your lower salary.

Let me know if you have any questions about this or anything else!

Answer 2

Thank you!

Answer 3

No problem!