Discuss the pros and cons of different times in a person's life when taxes can be withheld. (2-3 complete sentences)

By influencing incentives, taxes can affect both supply and demand factors. Reducing marginal tax rates on wages and salaries, for example, can induce people to work more. ... If a cut increases workers' after-tax income, some may choose to work less and take more leisure.

Step-by-step explanation:

A withholding tax takes a set amount of money out of an employee's paycheck and pays it to the government. The money taken is a credit against the employee's annual income tax. If too much money is withheld, an employee will receive a tax refund; if not enough is withheld, an employee will have an additional tax bill.

y=mx+b

step-by-step explanation:

m slope, b y-intercept

step-by-step explanation:

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