January 21, 2012
Withholding Tax
Withholding tax is an amount withheld by the party making payment to another (payee) and paid to the taxation authorities. The amount the payer deducts may vary, depending on the nature of the product or service being paid for. The payee is assessed on the gross amount, and the tax to be withheld (the withholding tax) is computed in that assessment. The purpose of withholding tax is to facilitate or accelerate collection, by collecting tax from payers rather than a much greater number of payees, and by collecting tax from payers within the jurisdiction rather than payees who may be outside the jurisdiction. It may also be used to counteract tax evasion and tax avoidance.
The amount of Withholding Tax deducted on your paycheck is based on the information you filled out on W-4 form.
State Withholding Tax
| California Withholding Tax | Pennsylvania Withholding Tax |
| Texas Withholding Tax | Ohio Withholding Tax |
| New York Withholding Tax | Michigan Withholding Tax |
| Florida Withholding Tax | Georgia Withholding Tax |
| Illinois Withholding Tax | North Carolina Withholding Tax |
Withholding Taxes in Other States
