Which financial component is a mandatory deduction from your gross pay? A. sales tax B. social security tax C. health insurance D. disaster relief fund (DRF) E. voluntary deduction

Question

Business

Itzel Snow

12 May, 16:05

Which financial component is a mandatory deduction from your gross pay? A. sales tax B. social security tax C. health insurance D. disaster relief fund (DRF) E. voluntary deduction

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Answers (2)

Know the Answer?

Amya Sharp · Answer 1

Employers are required to take a deduction for social security taxes.

Koen Hampton · Answer 2

The correct answer is B, Social Security Tax.

Explanation:

A Social Security Tax is a tax that is imposed by the federal government on the employers and the employees of the companies. This is the tax that has to be deducted from the gross salaries of the employees. Other taxes can be withdrawn but this tax has to be paid. A flat percentage is deducted every year by the Federal Government.