The ONLY federal tax that has a limit on it is the Social Security Tax - which has a ceiling of about $106,000 and is indexed each year for inflation. www.IRS.Gov has information regarding the limits.
The refund check, as income - No - for federal (it was taxed when overpaid - tax being paid with already taxed money), but a State one, yes. It was deducted from federal income.
Income tax, as appropriate by your W-2 filing and FICA (which is really a retirement savings or insurance). But just look at your check stub...they are all identified exactly...ask your payroll provider if you have questions.
Federal Withholding Tax
fit = F.I.T. = Federal Income Tax
You do NOT have any average amount for this purpose as each taxpayers situation can be different. You NEVER do have any deductions for federal taxes or other items from your net take home paycheck when it is issued to you. The net amount that is on the paycheck that you have in your hand is your net pay for the pay period after all of the federal taxes and other necessary withholding amounts have been withheld from your gross earnings by your employer payroll department. You should get the information from your employer payroll department if you really need to know the correct numbers or amount that should be deducted from your gross earnings not from your paycheck.
The refund check, as income - No - for federal (it was taxed when overpaid - tax being paid with already taxed money), but a State one, yes. It was deducted from federal income.
Income tax, as appropriate by your W-2 filing and FICA (which is really a retirement savings or insurance). But just look at your check stub...they are all identified exactly...ask your payroll provider if you have questions.
No. In fact, you probably owe money to the government if taxes are not be deducted from your check.
Federal Withholding Tax
Unemployment benefits are not deducted from payroll checks in any of the states. The businesses pays the premiums through payroll taxes to the state, which, in turn, pays the benefits to its recipients.
Check with your employer payroll department about this matter.
If a person is in a chapter 13 bankruptcy, and it is being deducted from their pay check in nys can someone else sue you and have the money deducted from your pay check?
fit = F.I.T. = Federal Income Tax
FIT stands for Federal Income Tax. EE stands for employee. So, I assume on a payroll check it means the employee's income tax has been withheld.
You do NOT have any average amount for this purpose as each taxpayers situation can be different. You NEVER do have any deductions for federal taxes or other items from your net take home paycheck when it is issued to you. The net amount that is on the paycheck that you have in your hand is your net pay for the pay period after all of the federal taxes and other necessary withholding amounts have been withheld from your gross earnings by your employer payroll department. You should get the information from your employer payroll department if you really need to know the correct numbers or amount that should be deducted from your gross earnings not from your paycheck.
Federal Insurance Contributions Act (FICA) in other words, it is your Social Security Tax.
Check your annual OPM annuity statement -- there is no payroll tax. A payroll tax feeds the Ponzi scheme we commonly call Social Security. For the last few years the payroll tax was reduced by 2% but that just means Social Security will become broke even faster.