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Why does the government asks employers to withhold tax money from each paycheck instead of requiring taxpayers to pay a full years taxes all at once?
Wiki User
∙ 14y ago
First, even many, many of those people who had withholding from paycheck throuh the year, and then find they are a little short of what they ultimately owe (for whatever reason - other income, good investing, claim to have too many exemptions on withholding, etc.) have a great deal of trouble getting even those small sums to pay the tax. They are - like so many - perpetually broke and can't/don't save money. They would be broke even if they had more money, always will be. (They would spend the money they need to pay taxes...but they need that money to py taxes...where will it come from?) And of course, the government needs the income through the year too...it pays it's bills all the time, not just annually.
Wiki User
∙ 14y ago
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Employers withhold what from each paycheck?
payroll taxes
2009 stimulas money in your paycheck when?
Employers are supposed to adjust withholding by April 1, 2009.
What percent of your paycheck goes to taxes in Kentucky?
After your employers payroll department takes all of the necessary withholding amounts from your gross pay your net take home paycheck is issued to you nothing will be withheld from that amount that is included in your net take home paycheck. You should check with your employers payroll department and ask them what percent amount they will be withholding from your gross pay before your net take home paycheck is issued in your name.
Income tax withheld from each paycheck and send to the state or federal government?
tax
Tax paid directly to the british government?
A tax that is paid directly to the British government is called a direct tax. An example are the taxes that are taken out of your weekly paycheck.
Employers withhold what from each paycheck?
payroll taxes
Who signs a set designer's paycheck?
Their employer or the employers representative
Can an employeer hold your paycheck with no reason?
No, employers are generally required to compensate you for the work that you have done. Even if the employer was to lay you off, they still should issue a final paycheck for the work that you have done previously.
Diana has her paycheck deposited directly from her employers account into her checking account. This is an example of what?
Diana has her paycheck deposited directly from her employers account into her checking account. This is an example of what?
2009 stimulas money in your paycheck when?
Employers are supposed to adjust withholding by April 1, 2009.
What do employers withhold from each paycheck?
This question can not be answered. You will have to give me more information.
What percent of your paycheck goes to taxes in Kentucky?
After your employers payroll department takes all of the necessary withholding amounts from your gross pay your net take home paycheck is issued to you nothing will be withheld from that amount that is included in your net take home paycheck. You should check with your employers payroll department and ask them what percent amount they will be withholding from your gross pay before your net take home paycheck is issued in your name.
Which of these statements is trueMore allowances deducted from a paycheck ensure that a person will receive a large refund at the end of the year?
The fewer allowances an employee declares, the more money the federal government will withhold from a paycheck.
What amendment allows the federal government to take money out of your paycheck?
The 16th
How does the government get the tax money?
You pay it throughout the year from each paycheck
Are employers responsible for overdrafts to an employees personal bank account if that employee writes checks but their paycheck gets lost in the mail?
Sorry, but no. You are held responsible. It's not the employers fault that the check was lost or delayed in the mail.
Can my employer garnish my check for money missing?
Unfortunately, there is not a universal answer to this question. Each state has its own laws governing an employer's ability to garnish an employee's paycheck due to money missing. Some states allow it, some states don't. So, it depends on the state in which you live. The federal government does not have a law that either allows or prohibits employers from deducting missing money from an employee's paycheck.
