It provides estimated payments toward your eventual liability. It provides compliance with the law that estimated payments must be made or penalty and interest would be due with the eventual payment. It provides cash flow for the government to use to provide services and benefits
16. The Thurstons' total federal income tax withholding is $
social security tax
Federal Income Tax Withholding.
Federal withholding may be zero if an individual's income is below the minimum threshold for federal income tax or if they have claimed enough deductions and credits to offset their tax liability.
Yes
1450
Yes and no. Federal Withholding is usually Federal income tax. FICA is Social Security. Different percentage, goes to a different place.
You can find the federal withholding tax tables on the website of the Internal Revenue Service (IRS). These tables provide the amount to withhold from an employee's paycheck based on their filing status, income, and number of allowances claimed.
withholding tax
withholding tax.
SOcial Security Tax:D
Federal Withholding Tax