Question
Social security tax is an example of a optional deduction. True False
Answer
4.6
(246 Votes)
Delilah
Elite · Tutor for 8 years
Answer
False
Explanation
Social security tax is a mandatory deduction in many countries, including the United States. It is not an optional deduction. Employers are required by law to withhold social security tax from an employee's paycheck. This tax funds the social security program, which provides benefits for retirees, the disabled, and survivors of deceased workers. The concept of social security tax being mandatory is fundamental in understanding payroll taxes and social security systems. Therefore, the statement "Social security tax is an example of an optional deduction" is false.