Question

 How are payroll taxes deducted?

Answer Employers are required by law to withhold payroll taxes from employees' paychecks and pay them to the government. The amount of payroll tax withheld depends on the type of tax being deducted.Federa... Read More »
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Top Q&A For: How are payroll taxes deducted

What is the difference between payroll taxes&income taxes?

Payroll taxes and income taxes are two sources of revenue for the government. Payroll taxes are also known as FICA taxes.FunctionPayroll taxes only apply to earned income such as wages, salaries an... Read More »
http://www.answerbag.com/q_view/1964507

Can PTA donations be deducted on taxes?

The national Parent Teacher Association, more commonly known as the PTA, is registered as a 501(c)(3) non-profit agency, and contributions to it are tax deductible. To deduct contributions to your ... Read More »
http://www.answerbag.com/q_view/2054486

Can Roth IRA losses be deducted on taxes?

You can only deduct losses on your Roth IRA if you close all of your Roth IRA accounts and the total you receive plus any other distributions taken from the accounts is less than your total contrib... Read More »
http://www.answerbag.com/q_view/2263472

How can mileage be deducted from taxes?

Depending on your purpose for driving, you may be able to deduct mileage from your taxes. Most mileage deductions are itemized deductions, which means you can only claim them if you forgo the stand... Read More »
http://www.answerbag.com/q_view/1952433


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