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Nataly_w [17]
2 years ago
15

Your employer withholds money from each paycheck. what is this money used for?

Business
1 answer:
sukhopar [10]2 years ago
6 0
some of their employees' pay in order to cover payroll taxes and (((income tax))).Money may also be deducted, or subtracted, from a paycheck to pay for retirement or health benefits.
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For computing the required initial investment we considered the following information

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in mathematically,

= Withdrawn amount  × Present  value of a 5-year, 11% ordinary annuity of 1’

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