_____ is money withheld from each employee's paycheck during the year to pay for the income tax that he or she owes the federal government at the end of the year.

Question

Quizplus · Accepted Answer

Employee's Withholding Tax is specifically designed to withhold a portion of an employee's income to go towards paying federal income tax. Personal Property Tax is based on the value of personal property owned, Income Tax is the tax paid on income earned, and Social Security is a tax that funds retirement and disability benefits.

_____ Is Money Withheld from Each Employee's Paycheck During the Year