Question

Amounts of salary held out of payroll checks for the purpose of paying government taxes or for employees refers to:

a) Bonuses
b) Deductions
c) Overtime pay
d) Retirement contributions

Answer 1

Deductions from an employee's wages refer to amounts of salary held out of payroll checks for the purpose of paying government taxes or for employees.

Step-by-step explanation:

Deductions from an employee's wages, also known as withholding tax or PAYE, are amounts of salary held out of payroll checks for the purpose of paying government taxes or for employees. These deductions often cover advance payment of income tax, social security contributions, and insurance. They are an important part of the payroll process and ensure that employees are contributing their required taxes.