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The summary statement attached to a paycheck that summarizes income, tax withholdings, and other deductions.

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Q: What is a payroll withholding statement?
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Related questions

What information does a payroll withholding statement show?

Obviously I can't answer this question if I'm the one who asked


What tax deductions can appear on a payroll withholding statement?

Federal and state income taxes, and FICA


What tax deductions can not appear on a payroll withholding statement?

There are several tax deductions that appear on a payroll statement. These are FICA, which is Medicare and Social Security, along with income tax and OASDI. OASDI stands for old age, survivors, and disability insurance.


A person payroll withholding statement summarizes federal state and local tax deductions true or false?

This should be true IF and WHEN it is filled out correctly.


What another term that means withholding?

Payroll Deductions


What is FITW in payroll?

Federal Income Tax Withholding.


What is another name for withholding's?

Taxable incomes


What does FWT mean on payroll check stub?

Federal Withholding Tax


How you know if you are paying federal withholding?

Check with your employer payroll department about this matter.


What does SWT mean on payroll stub?

State Withholding Tax, which is to pay state taxes


How do you convert a semi-monthly payroll to a bi-weekly payroll?

How? In what sense? Taxes & withholding? If you want to do an yearlong average, there are 4.3 weeks in each month.


How much is the federal withholding percentage for a W-4 form with 2 allowances?

The Percentage Method subtracts from the total wage payment an allowance amount. The allowance amount is based on the value of one withholding allowance for the payroll period multiplied by the total withholding allowances from Form W-4.For a weekly payroll period with two withholding allowances, the percentage computation figure is $140.38($70.19 x 2).For a biweekly payroll period with 2 allowances, the percentage figure is $280.76 ($140.38 x 2).The Percentage Method Amount for One Withholding Allowance Table gives withholding allowance figures for every payroll period (weekly, biweekly, semimonthly, monthly, quarterly, semiannually, annually, daily).For more information, go to www.irs.gov for Publication 15-T (New Wage Withholding and Advance Earned Income Credit Payment Tables).