Transcription of Tax and Estimated Withholding
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Tax and Estimated Withholding
's New for 1. Tax Withholding for and Fringe and 2. Estimated Tax for Does Not Have To Pay Estimated Must Pay Estimated To Figure Estimated To Pay Estimated To Figure Each To Pay Estimated 3. Credit for Withholding and Estimated Tax for Social Security or Railroad Retirement Tax 4. Underpayment Penalty for Your Required Annual Payment (Part I)..50 Short Method for Figuring the Penalty (Part III)..50 Regular Method for Figuring the Penalty (Part IV)..50 Annualized Income Installment Method (Schedule AI)..53 Farmers and of To Get Tax federal income tax is a pay-as-you-go tax. You must pay the tax as you earn or receive in-come during the year. There are two ways to pay as you If you are an employee, your employer probably withholds income tax from your pay.
tax that way, you might have to pay esti-mated tax. People who are in business for themselves generally will have to pay their tax this way. You may have to pay estima-
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