What is federal income tax withheld?

Answer The U.S. uses a pay-as-you-earn system of collecting personal income taxes. At the end of the year, you will have to pay any extra taxes not covered by the withholding or receive a refund if the am... Read More »

Top Q&A For: What is federal income tax withheld

What is the formula for federal income tax withheld?

The formula for federal income tax withheld is based on tax brackets, your income level, your tax filing status and the number of exemptions you claimed on your W-4 form.W-4 FormsThe W-4 is a feder... Read More »

How to Calculate Federal Income Tax Withheld From Paycheck?

The Internal Revenue Service processed more than 236 million tax returns and collected more $2.3 trillion in revenue in 2009. Federal income tax withholding is used to fund national programs, inclu... Read More »

How much should be withheld for federal income taxes?

The amount of income you make, your tax status (single or married) and the amount of dependents you claim determines how much should be withheld for federal income taxes. For help determining your ... Read More »

How do i calculate federal income tax withheld from paycheck?

Consult the IRS Circular E for the appropriate tax year. Furthermore, use the employee's Form W-4 to determine his filing status and number of allowances.Use the wage bracket method to see if he ha... Read More »