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 What is the difference between federal withholding tax and fica?

Answer The primary difference between withholding tax and FICA is the how the taxes are used. Withholding tax is general revenue that supports overall government operations. FICA tax supports programs adm... Read More »
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Top Q&A For: What is the difference between federal withhold...

How much difference does an additional allowance make on the federal withholding amount?

Additional allowances can change the amount of federal withholding. Each allowance exempts $3,650 of additional income, but the resulting withholding depends on the marital status, number of jobs a... Read More »
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Define Federal Withholding?

Federal withholding refers to the different types of taxes collected from every paycheck you earn during the year. Each tax taken from an employee's wages goes towards a particular purpose includin... Read More »
http://www.ehow.com/about_6567953_define-federal-withholding.html

How to Calculate Federal Tax Withholding?

Calculating Federal Tax Withholding can be a challenge for business owners and for employees. Federal taxes are composed of 3 separate tax items: Income Tax, Social Security and Medicare Tax. Each ... Read More »
http://www.wikihow.com/Calculate-Federal-Tax-Withholding

How to Calculate Federal Withholding Tax?

Employers are required by federal law to withhold a certain amount of money from your paycheck, based upon the information provided on Form W-4, the Employee's Withholding Allowance Certificate. Ab... Read More »
http://www.wikihow.com/Calculate-Federal-Withholding-Tax


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