How is income tax typically paid during the year?
A. Only through estimated payments.
B. Only at the end of the year when filing a tax return.
C. Through a combination of withholding from paychecks and/or estimated payments.
D. Only through withholding from paycheck.

Income tax is typically paid through a combination of withholding from paychecks and estimated payments. Withholding allows regular contributions to tax liabilities, while estimated payments are for those with variable income. Thus, the correct option is C: Through a combination of withholding from paychecks and/or estimated payments.
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Answered by Anonymous | 2025-07-08

Income tax is typically paid through a combination of withholding from paychecks and estimated payments. Withholding helps employees pay their taxes gradually, while estimated payments are necessary for self-employed individuals. This approach prevents large tax bills at year-end and ensures compliance with tax laws. ;

Answered by GinnyAnswer | 2025-07-08