Using the Federal Withholding Tax Table
Using the Federal Withholding Tax Table The federal withholding tax table is used to determine the amount of taxes that an individual must pay according to his or her living status, amount of money he or she makes, and his or her age. These charts help employers to determine what needs to be taken out of the person's paycheck each month or bi-weekly depending on what the person claims on their W-2. This helps to ensure that the individual will have paid enough taxes to the federal government [readmore]
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