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Yes that would be correct and the employee is required to fill the IRS form W-4

Employee's Withholding Allowance Certificate.Complete Form W-4 correctly and completely so that your employer can withhold the correct federal income tax from your pay and return the W-4 form to your employer after it is completed correctly.

A self employed taxpayer would be required to file an IRS 1040ES estimated tax form and make quarterly estimated tax payments to cover all of the social security and medicare taxes and any income taxes that would be due on the NET PROFIT from the business operation.

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Q: Before any federal income taxes may be withheld there must be employer-employee relationship?
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Related questions

W-4?

The form you fill out before you start a job that will determine how much money is withheld from your paycheck for federal and state income taxes.


How much income do you have to earn before they take out federal tax?

Taxes are withheld from the first dollar, although you may not actually pay any and get it all rrefunded.


Your paychecks gross was 2903.00 and 520.00 was taken out in federal tax was this right?

It is possible that the withheld amount is correct. You will have to get with the payroll department and ask them if the correct amount has been withheld from your gross pay before the check was printed for your net take home pay amount.


Can a federal pension be discontinue for a person convicted of a felony?

Yes, a federal pension can be discontinued for a person convicted of a felony if the crime is related to their employment or if the pension plan has provisions for forfeiture in the case of certain criminal convictions.


What is Income tax withheld from each paycheck and sent to state and federal government?

You do NOT have any amount withheld from your net take home paycheck after it is issued to you. The parts that are withheld from your gross wages, earnings before your net paycheck is issued to you is a prepayment of any possible state and federal income tax liability that you could have after your income tax return is completed correctly. If your income tax liability is less than the withheld amounts you will receive the over withheld amounts as a refund after you file your income tax return. You should get this information from your employer payroll department as they will be the one that would know how much FICA, federal income tax, state income, local taxes, etc they will have to withhold from your hourly pay or gross pay for the pay period.


Do you have to be sued before a student loan can be withheld from a tax return?

No


What is the relationship between the judiciary and the federal bureaucracy is false?

The United States government is involved with more than three-quarters of the cases brought before federal court.


What is the alloted amount that a student 17 or younger can earn before they have to file taxes?

Federal $ 5000.00 unless they have more than $800.00 in interest, but if taxes are withheld you may want to file to get a refund. States vary.


What are the wages before any deductions are withheld from a paycheck?

Gross pay


How much tax is withheld from checks in Pennsylvania?

Any taxes would have been withheld before your check was printed if you are an employee with an employer. Your employer should be able to answer your question for you.


If Heather earns an annual salary of 46 500 with federal income tax of 3 200 state income tax of 930 and FICA taxes at 7.65 percent what will her take home pay be after paying taxes?

Heather should ask her employer about any other amounts that will have to be withheld from her gross annual pay of 46500 that will have to be withheld before she will be able to determine her annual net take home pay. 46500 X .0765 = 3557.25 46500.00 -3557.25 = 40942.75 and then she will still have other amounts that will be withheld before she will be able to determine how much her actual net take home pay will be.


Are Social Security taxes taken out before or after taxes?

Social Security (FICA) taxes are withheld from your gross (before tax) salary.