An amount of an employee's income that an employer sends directly to the federal, state, or local tax authority as partial payment of that individual's tax liability for the year. When a person starts a new job, he/she is required to fill out a W-4 form on which he/she can indicate his/her filing status and the number of allowances he/she is claiming. also called withholding.
Related information about withholding tax:
- Withholding tax - Wikipedia, the free encyclopedia
Withholding tax, also called retention tax, is a government requirement for the payer of an item of income to withhold or deduct tax from the payment, and pay ...
- IRS Withholding Calculator
Nov 14, 2012 ... IRS Withholding Calculator. If you are an employee, the Withholding Calculator can help you determine whether you need to give your ...
- Tax Withholding
Aug 2, 2012 ... Tax Withholding. The federal income tax is a pay-as-you-go tax. There are two ways to pay as you go. Withholding. If you are an employee, ...
- Withholding Tax Definition | Investopedia
1. Income tax withheld from employees' wages and paid directly to the government by the employer.2. A tax levied on income (interest and dividends) from ...
- Withholding tax
5 days ago ... Employers are required to withhold and pay personal income taxes on wages, salaries, bonuses, commissions and other similar income paid to ...
- Employer Withholding Tax - Missouri Department of Revenue
Employer Withholding. (Section 143.191, RSMo) Withholding is the tax that an employer deducts and withholds from employees' wages every pay period.
- Tax Withholding Calculator - Kiplinger
Wondering how much you should withhold in your paycheck? Use our calculator to see how much you can add to your paycheck...starting next pay day.
- Arizona Withholding Tax
For Arizona purposes, an employer must withhold Arizona income tax from the payment of wages to an employee whose compensation is for services performed ...