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INCOME TAX WITHHOLDING INTRODUCTION Employers must withhold federal and Minnesota income tax and the employee s share of the FICA tax from their employee s wages and pay those taxes to the federal
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What is income tax withholding?
Income tax withholding is the amount of tax that an employer deducts from an employee's wages and pays directly to the government on behalf of the employee.
Who is required to file income tax withholding?
Employers are required to file income tax withholding for their employees.
How to fill out income tax withholding?
Employers can fill out income tax withholding using the appropriate form provided by the government, such as Form W-4.
What is the purpose of income tax withholding?
The purpose of income tax withholding is to ensure that individuals pay their taxes throughout the year, rather than owing a large amount at the end of the year.
What information must be reported on income tax withholding?
Employers must report the total wages paid, amount of tax withheld, and other relevant information for each employee.
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