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.

1 answer

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.