Resource title

Tax Withholding

Resource image

image for OpenScout resource :: Tax Withholding

Resource description

Tax withholding refers to the portion of an employee's wages that are retained by an employer for remittance to the Internal Revenue Service (IRS). Two main types of taxes are typically withheld—regular income taxes and Federal Insurance Contribution Act (FICA) taxes, which include contributions to federal Social Security and Medicare programs—although most states and some cities apply their own taxes as well.

Resource author

Resource publisher

Resource publish date

Resource language

en

Resource content type

text/html

Resource resource URL

http://www.referenceforbusiness.com/small/Sm-Z/Tax-Withholding.html

Resource license

Copyright © 2011 Advameg, Inc.