elleanorrichard
elleanorrichard elleanorrichard
  • 07-03-2021
  • Business
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What two things affect the percentage of federal taxes withheld from your paycheck?

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MisterZeng
MisterZeng MisterZeng
  • 07-03-2021
The Tax Cuts and Jobs Act changed the way tax is calculated.
For employees, withholding is the amount of federal income tax withheld from your paycheck. The amount of income tax your employer withholds from your regular pay depends on two things: The amount you earn. The information you give your employer on Form W–4.
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