Payroll deductions fall into the broad categories of ________ and ________.
A)payroll tax withholdings;voluntary deductions
B)unemployment;social security taxes
C)unemployment taxes;income taxes
D)voluntary deductions;income taxes

Question

Quizplus · Accepted Answer

Payroll deductions are typically classified into two main categories: mandatory deductions (such as payroll tax withholdings for Social Security, Medicare, and federal/state income taxes) and voluntary deductions (such as retirement plan contributions, health insurance premiums, and charitable donations). Option A describes these two categories accurately. Option B implies that payroll deductions only consist of unemployment and Social Security taxes, which is incorrect. Option C suggests that unemployment taxes and income taxes are the only types of payroll deductions, but this is also incorrect. Similarly, option D only mentions voluntary deductions and income taxes, omitting mandatory payroll tax withholdings.

Payroll Deductions Fall into the Broad Categories of ________ and ________

Payroll Deductions Fall into the Broad Categories of and