It provides estimated payments toward your eventual liability. It provides compliance with the law that estimated payments must be made or penalty and interest would be due with the eventual payment. It provides cash flow for the government to use to provide services and benefits
16. The Thurstons' total federal income tax withholding is $
social security tax
Federal Income Tax Withholding.
Yes
1450
Yes and no. Federal Withholding is usually Federal income tax. FICA is Social Security. Different percentage, goes to a different place.
Federal Withholding Tax
SOcial Security Tax:D
withholding tax.
withholding tax
It varies by state. Some states do not have a state tax withholding form - and in that situation an employee can submit a Federal W-4, designating that he/she is only changing their state tax withholding only. In addition, there are other states (i.e. Washington, Tennessee and Texas) that do not have state tax withholding at all.
FITWH tax more commonly known as FITW is federal income tax withholding tax. This is the amount of money that the federal government takes out of each of your paychecks.