The process by which income taxes are deducted directly from your paycheck is called a. payroll pullouts b. payroll taxation c. payroll induction d. payroll withholding

The process by which income taxes are deducted directly from your paycheck is called "payroll withholding".

In the U.S. payroll withholding taxes are the assessments that a business is required to deduct from its workers' gross wages, pay rates, rewards, and other compensation.  

The typical payroll withholding taxes incorporate every representative's part of the Social Security and Medicare charges (likewise alluded to as FICA), federal income tax, and regularly state income tax. (A couple of urban communities and states may likewise require extra finance charges.)  

After deducting the payroll withholding taxes of its workers, the business is required to transmit the sums in a convenient way to the fitting government.

The Answer is D

Explanation:

I just took the test on E2020.

hardwork and determination

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.