How To Calculate Payroll 10 Steps With Pictures
Information provided on Employee Withholding Allowance Certificates lets a company know how much federal and state income tax to withhold from each employee’s pay based on filing status and the number of exemptions he or she claims. Keep in mind, the more exemptions claimed, the less that the employee has withheld from his or her paycheck. However, that employee might owe money when it comes time to pay taxes. Keep in mind that you might be doing business in a state with no state income tax, in which case there is no form for state withholding....