what is withholding tax? select a response. money an employer deducts from an employees wages to pay to the…

what is withholding tax? select a response. money an employer deducts from an employees wages to pay to the government. money that is used to pay for an employees health insurance benefits. money that is used to contribute to an employees retirement 401(k) plan. money that the employee receives after deductions are taken out of a paycheck.

what is withholding tax? select a response. money an employer deducts from an employees wages to pay to the government. money that is used to pay for an employees health insurance benefits. money that is used to contribute to an employees retirement 401(k) plan. money that the employee receives after deductions are taken out of a paycheck.

Answer

Brief Explanations:

Withholding tax is an amount an employer deducts from an employee's wages and pays to the government on the employee's behalf to cover income - tax and other obligations. The other options describe different types of deductions like for health insurance, retirement plans, or net pay.

Answer:

Money an employer deducts from an employee's wages to pay to the government.