Your business must pay taxes. Depending on the business form you use, such as a C corporation or LLC, income tax must be paid by either the company or the owner. In addition, you must pay employment ...

Federal tax withholding – sometimes referred to as federal income tax withholding, or FITW – is one of several paycheck withholdings. It is the amount of money withheld and applied toward federal ...

In order to pay your employees correctly each pay period, you need to know how to calculate gross and net pay. Learn how to ...

Whether you work as a salaried employee or receive income from a pension, commission or other sources, understanding how much tax should be withheld from your earnings is crucial. Withholding too ...

Here are "plan-ahead" instructions from the Internal Revenue Service for using its new online tax withholding calculator. The calculator is designed to help people determine whether they have the ...

Taxpayers are encouraged to check their tax withholding so they can make adjustments before the end of the year. To determine if individuals have too much income tax withheld and how to make ...

Your effective tax rate is a good indicator of how well you’ve been managing your tax situation. It’s smart to calculate your effective tax rate each year to help you make adjustments to your ...

Federal withholding tax, or tax withholdings, is a set amount of money withheld by your employer and paid directly to the government. If you’re traditionally employed in the United States, you pay ...

Doug Whiteman is an award-winning journalist with three decades of experience covering personal finance, starting when he was the Washington, D.C.-based consumer news editor and reporter for ...