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What tax deductions can appear on a payroll withholding statement?

Federal and state income taxes, and FICA


Where can I find my federal tax ID?

The federal tax ID is usually found on your W2 statement that you usually get in the mail to file your taxes. The tax ID can also be found through the main office of your employment.


What is statement of budgetary resources?

The Statement of Budgetary Resources (SBR) is a financial statement used by U.S. federal agencies to provide information about the budgetary resources available for the period, including new budget authority, adjustments, and any resources that were used. It reconciles the budgetary resources with the actual outlays and obligations incurred during the reporting period. The SBR helps ensure transparency and accountability in federal financial management by showing how budgetary resources are allocated and utilized. It is a required part of federal financial reporting under the Government Accountability Office (GAO) standards.


Do you pay federal taxes on accounts receivables?

Not until they become part of taxable income. A/R is a balance sheet item...not income statement.


Do you have to send SSA -1099 Statement with your federal taxes?

You do not need to submit your SSA-1099 statement with your federal tax return, but you must include the information from it when filing your taxes. The SSA-1099 reports the total Social Security benefits you received during the year, which is necessary for accurate tax reporting. Keep the SSA-1099 for your records, as the IRS may request it if needed.