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What does it mean when an employer does not withhold taxes from an employee's paycheck?
When an employer does not withhold taxes from an employee's paycheck, it means that the employee is responsible for paying their own taxes directly to the government.
Can you write off employee wages on your taxes?
Yes, you can generally deduct employee wages as a business expense on your taxes.
How are employee FICA taxes collected?
Employee FICA taxes are collected through payroll deductions, where a percentage of an employee's wages is withheld by their employer and sent to the government to fund Social Security and Medicare programs.
Can an employee legally block federal taxes from being withheld from their paycheck?
No, an employee cannot legally block federal taxes from being withheld from their paycheck. It is a legal requirement for employers to withhold federal taxes from employee paychecks as mandated by the Internal Revenue Service (IRS).
Under what circumstances can the IRS seize an irrevocable trust?
The IRS can seize an irrevocable trust if the trust owes unpaid taxes and the assets within the trust are considered part of the taxpayer's overall assets.
How is the government financed?
The government is financed through taxes.
How was the Persian Empire financed?
In the usual way - taxes.
What does it mean when an employer does not withhold taxes from an employee's paycheck?
When an employer does not withhold taxes from an employee's paycheck, it means that the employee is responsible for paying their own taxes directly to the government.
What are social security and medicare financed by?
Payroll taxes on employers and employees.
Can you write off employee wages on your taxes?
Yes, you can generally deduct employee wages as a business expense on your taxes.
What if no one paid taxes?
If no one paid taxes then all government spending would be financed solely by the sale of lottery tickets.
How did the french finance their wars?
The French have financed their wars the same way that every other country has financed wars throughout history: taxes and foreign debt.
Do US government workers pay taxes?
Yes. I am a federal government employee and I pay the same taxes that a private industry employee pays.
What taxes would be deducted in determining an employee's net pay?
FICA taxes
Which payroll taxes are the employee's responsibility?
FICA tax, Futa and Suta taxes
Why did officials seize farmers land?
Land, because they couldn't pay their taxes.
Why did states seize farmers land?
Land, because they couldn't pay their taxes.
