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City of Sidney Employers Semi Monthly Report of Income Tax Withheld (Rate is 1.75%)Form SW1 Withholding Period: Due Date: 1. Total Sidney Taxable Wages......× 2. Total Sidney Income Tax Withheld.×
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The withholding period refers to the timeframe during which an employer must withhold income taxes from an employee's wages.
Employers are required to file withholding period for each of their employees.
Employers can fill out withholding period by accurately tracking the wages paid to employees and calculating the appropriate amount of taxes to withhold.
The purpose of withholding period is to ensure that employees have the correct amount of taxes withheld from their wages throughout the year, reducing the likelihood of owing a large sum at tax time.
The withholding period must include details such as the employee's name, Social Security number, wages earned, taxes withheld, and any other relevant information.
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