English

Ashlynn Terry

13 April, 14:13

1. Money from this deduction goes to pay for a Federal program that provides health care benefits to those who are over the age of 65 or disabled

2. Money from this deduction goes to pay for this Federal program that is supplementary retirement that you can qualify for when you retire or are unable to work.

3. Money from this deduction goes to fund programs like education, local parks, roads and the salaries of local politicians

4. Money from this deduction goes to pay for national programs ranging from the military to the salary of Congress

5. Money from this deduction goes to pay for a plan like a 401k or Roth IRA provided by your company

6. Money from this deduction goes to pay for your employers health care program that they have chosen

Federal Income Taxes

State and Local Taxes

Social Security

Medicare

Health Insurance

Retirement savings