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Posts Tagged ‘tax liability’

Are You Taking Out Too Much or Too Little in Taxes From Your Paycheck?

March 18, 2016

Income earned from wages is taxable if it exceeds a certain amount. If the income earned is from wages, your employer will withhold taxes from your paycheck and transfer it to the IRS. The amount your employer withholds depends upon how much you earn and the information you provided on IRS Form W-4. How Inaccurate Withholding Affects You If you have a single source of income, i.e. from your job, then your tax liability might not have ...

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