After 1995,of the Adults 65 and Older in the Workforce,those

question 62

Multiple Choice

After 1995,of the adults 65 and older in the workforce,those _____ rose substantially.

• A) who are retiring early
• B) engaging in volunteer work
• C) engaging in part-time work
• D) engaging in full-time work

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Definitions:

Federal Withholding Tax

Taxes automatically deducted from an employee's paycheck by the employer and paid to the federal government.

FICA Taxes

Federal Insurance Contributions Act taxes, which fund Social Security and Medicare, required to be paid by both employees and employers.

FICA Tax

Federal Insurance Contributions Act tax, a U.S. payroll tax that funds Social Security and Medicare, split between employers and employees.

Withholding Allowances

Portions of an employee's pay that are not included in taxable income, used to reduce the amount of tax withheld from their paycheck.