Question
Your employer withholds money from each paycheck. What is this money used for? * 1 point To make up for hours of work you missed. To pay for federal and state taxes. To maintain your office building. To deposit into a separate company account.
Answers
GPT-4o mini
The correct answer is: **To pay for federal and state taxes.**
Employers withhold money from paychecks primarily to cover federal and state income taxes, Social Security, and Medicare taxes.
Employers withhold money from paychecks primarily to cover federal and state income taxes, Social Security, and Medicare taxes.