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Scwithholding Sc Withholding  Form

Scwithholding Sc Withholding Form

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Instructions and help about sc wh 1605 fillable

In prior videos, you learned how to  calculate gross pay and whether the   employee’s payments for fringe benefits  are pre-tax or post-tax deductions.  Now, we are ready for the next step of  calculating federal income tax withholdings   under the wage bracket method – one of the ways  to calculate federal income tax. Another way   is he percentage method of calculating federal  income tax which is covered in a separate video.  You might be wondering why you are learning the  manual method of calculating federal income tax   withholdings for a paycheck. Afterall, there  are a lot of payroll software programs that   will do that automatically for you. One  of the reasons is that – as an accountant   for a large company – you might be involved  in system testing and you want to make sure   the system is still functioning as expected  after an upgrade or other change. Typically,   you would be expected to test the calculation  and document your findin

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