Question

How does payroll withholding help a company's employees?

Answer 1

Significance. The withholding system provides a convenient way for employees and employers to withhold money for federal taxes, state taxes, pension plans, insurance and others. The employer pays the withholding directly to the recipient. For example, federal taxes withheld are paid directly to the IRS.

Step-by-step explanation:

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Answer 2

Significance. The withholding system provides a convenient way for employees and employers to withhold money for federal taxes, state taxes, pension plans, insurance and others. The employer pays the withholding directly to the recipient. For example, federal taxes withheld are paid directly to the IRS.