Ask Question
BusinessBusiness
18 July, 04:07

How do withholding taxes work

+1
Answers (1)
  1. 18 July, 06:09
    0
    A withholding tax is an amount that an employer withholds from employees' wages and pays directly to the government. The amount withheld is a credit against the income taxes the employee must pay during the year ... After the Civil War in 1872, tax withholding and the income tax was abolished entirely.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “How do withholding taxes work ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Knowing how to report injuries/illnesses, seeing the annual summary, and what else are all worker rights related to injury and illness reporting for osha
Answers (1)
Chris bought 10 shares of Apex Company for $25 each, and later sold all of them at $45 each. This transaction resulted in what type of event? A). Capital Loss B). Capital Profit C). Capital Gain D). Capital Win
Answers (1)
How do you calculate overtime earnings with only the total of regular earnings?
Answers (1)
Which of the following is a positive economic statement? Group of answer choices The standard of living in the United States should be higher. The U. S. government should not have bailed out U. S. auto manufacturers.
Answers (1)
Julie Martin bought stock for $3,000, using $2,000 of her own money and $1,000 borrowed from the broker. One month later, the stock is sold for $3,850. Interest owed to the broker is $15; brokerage commissions to buy and sell the stock totaled $150.
Answers (1)
New Questions in Business
You are invited to go to the mall with a new group of friends from school. you don't know them that well, but are excited that they included you in their plans.
Answers (1)
Suppose hypothetically that you buy a lot of food such as tofu, veggie burgers, and organic fruit that are not included in the market basket used to compute the CPI.
Answers (1)
Property taxes on a company's factory building would be classified as a (n) :
Answers (1)
Diane had a plan to improve her responsibility. in order to understand if she has met her goal, she must A. formulate a new goal B. record her progress C. accomplish harder tasks D. ask others for their opinions
Answers (1)
Olivia's employer deducts an amount from her paycheck for the Medicare program. What type of withholding is being deducted from Olivia's paycheck? A) tax exemption B) local withholding C) state withholding D) Social Security withholding
Answers (1)
Home » Business » How do withholding taxes work
Sign Up Forgot Password?