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  2. Tax withholding in the United States - Wikipedia

    en.wikipedia.org/wiki/Tax_withholding_in_the...

    The form provides the employer with a Social Security number. Also, on the form employees declare the number of withholding allowances they believe they are entitled to. Allowances are generally based on the number of personal exemptions plus an amount for itemized deductions, losses, or credits. Employers are entitled to rely on employee ...

  3. Professional Tax - Wikipedia

    en.wikipedia.org/wiki/Professional_Tax

    Profession tax is the tax levied and collected by the state governments in India. It is a direct tax. A person earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, cost accountant, Software Engineer, lawyer, doctor etc. are required to pay this professional tax.

  4. Tax withholding - Wikipedia

    en.wikipedia.org/wiki/Tax_withholding

    Upon employment, most workers undergo tax withholding, facilitated by the completion of a W-4 Form, which estimates their future tax liabilities. Within the realm of payroll taxes, withholding tax represents one of two primary categories. The counterpart, paid by the employer to the government, is calculated based on individual employees' wages.

  5. When should you hire a tax professional? 3 common tax ... - AOL

    www.aol.com/news/hire-tax-professional-3-common...

    The IRS will then contact the employer/payer for you and request the missing or corrected form. The IRS will also send you a form and a letter containing instructions for you."

  6. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    These are due by January 31 and February 28 (March 31 if filed electronically), respectively, following the calendar year in which wages are paid. The Form W-2 constitutes proof of payment of tax for the employee. [76] Employers are required to pay payroll taxes to the taxing jurisdiction under varying rules, in many cases within 1 banking day.

  7. 15 Self-Employment Tax Deductions You Should Know - AOL

    www.aol.com/15-self-employment-tax-deductions...

    Total self-employment tax: 15.3%. When you have a regular employer, your employer usually pays for half of these taxes. This means you’d only have to pay 7.65% in Social Security and Medicare taxes.

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