Which is an example of income withholdings

QUESTION POSTED AT 01/06/2020 - 03:15 PM

Answered by admin AT 01/06/2020 - 03:15 PM

Generally, the more allowances the employee claims on a Form W-4, the lower the withholding tax. Withholding tax applies to income earned through wages, pensions, bonuses, commissions, and gambling winnings. Dividends and capital gains, for example, are not subject to withholding tax
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