Question
Pretest: Life Scenarios
19/25
Your employer withholds money from each paycheck. What is this money used for?
A
To make up for hours of work you missed.
B
To pay for federal and state taxes.
C
To maintain your office building.
D
To deposit into a separate company account.
19/25
Your employer withholds money from each paycheck. What is this money used for?
A
To make up for hours of work you missed.
B
To pay for federal and state taxes.
C
To maintain your office building.
D
To deposit into a separate company account.
Answers
Answered by
GPT-4o mini
The correct answer is:
**B - To pay for federal and state taxes.**
Employers withhold money from each paycheck primarily for tax purposes, including federal income tax, state income tax, Social Security, and Medicare.
**B - To pay for federal and state taxes.**
Employers withhold money from each paycheck primarily for tax purposes, including federal income tax, state income tax, Social Security, and Medicare.
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