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Instructions and help about inz 1113 form 2020

hi kids Andrew Schwartz here to discuss how to fill out the w-4 form at work congratulations on landing your job and welcome to the intimidating world of taxes now it's the time to fill out your first IRS tax form the w-4 form if you have already started working your employer has probably already had you complete that form all that matters for this form is the bottom of page 1 once we go over a few basics about the taxes you'll now pay will review the correct way to complete that form if are in less than 60 $300 in 2015 pretty much every employee pays these two taxes on each dollar earned you will pay 6.2 percent of each dollar you earn in Social Security taxes and these taxes go to fund Social Security benefits paid to retirees and disabled citizens you will also pay one point four five percent on each dollar earned in Medicare taxes to fund the Medicare system that provides health care to people 65 and older so for every 100 dollars that you learn 7.65 cents goes to these two taxes t

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