0
What is the difference between exemption and withholding allowance?
Wiki User
∙ 9y ago
An exemption basically is something you use to lower your taxes, or something you do not have to pay taxes on, such as a child or student loan interest. A withholding allowance is how much the employer withholds from your check in taxes after exemptions are calculated.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Difference between complex trust with 100 exemption and 300 exemption?
There is one main difference between exemptions in a trust. According to the IRS, a 100 exemption on a trust is a simple and personal trust, a 300 exemption is a complex trust, usually for a charitable organization.
What is the difference between withdrawing and withholding life-sustaining treatment?
The only real difference- withholding it was never started, withdrawing is stopping once it has been started.
What is the difference between allowances and salary?
an allowance is given a salary is earned
What is the difference between allowance and tolerance in engineering graphics?
Tolerance is unintended deviance from basic size, while Allowance is intended.
What is the difference between exemption and deduction?
Exemption doesn't form part of total income while deduction form part of a total income.
What is the difference between filing married and married separate withholding payroll taxes?
Married Filing Separate will withhold a higher amount than Married Filing Joint. That is the only difference as far as withholding goes.
What is difference between allowance and perquisites receive by chairman or retired chairman which is exempted?
assdsd
Difference between income tax and withholding tax?
The income tax is what is paid by "withholding of tax" from someones payment/pay. Other taxes or charges, like insurance, worker comp, etc may be [apd by withholding the amount from payment/payroll. There is really no such thing as a tax on withholding.
What is the difference between allowance and perquisites?
Allowance are being mentioned in section 10 wheras perquisites in section 17(2) of Income Tax Act, 1961.
What is the difference between the dole and job seekers allowence?
The dole is an alternative name for Jobseeker's Allowance.
What is the difference between self denial and denial of self?
There is no difference between self denial and denial of self. Both terms refer to withholding things that would bring pleasure to you for a greater good or purpose.
Difference between operating weight and dry operating weight of an aircraft?
OEW = DOEW + Catering Allowance + Flight attendents
