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FITW stands for "Federal Income Tax Withholding." It represents the amount of federal income tax that an employer withholds from an employee's paycheck to cover their estimated tax liability for the year. This withholding is based on the employee's earnings and the information provided on their W-4 form, including filing status and exemptions. The withheld amount is then sent to the IRS on the employee's behalf.

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2mo ago

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