Which of the following refers to having your employer take money automatically from your paycheck and contribute it directly to a retirement savings plan or a savings account?

Question

Quizplus · Accepted Answer

Payroll deduction is the process where an employer deducts money from an employee's paycheck and contributes it directly to a designated account, such as a retirement savings plan or a savings account, often before taxes are applied.

Which of the Following Refers to Having Your Employer Take