0
What does federal income tax withheld mean on a payroll check stub?
Wiki User
∙ 15y ago
That is the money not in the check you receive but rather taken from the amount you earned and sent to the Fed gov't (IRS) on your behalf, where it is in an account and you claim to pay for the TAX due from you on earnings for the year. It is an estimate of how much you may owe on those earnings, the actual amount, which changes with every persons situation, may be more or less.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What does FITmean on check stubs?
Federal Income tax (FIT) withheld from your gross wages.
What does fit mean on a payroll check stub?
fit = F.I.T. = Federal Income Tax
Your paychecks gross was 2903.00 and 520.00 was taken out in federal tax was this right?
It is possible that the withheld amount is correct. You will have to get with the payroll department and ask them if the correct amount has been withheld from your gross pay before the check was printed for your net take home pay amount.
How many taxes withholding from the pay check?
Nothing is withheld from your weekly take home paycheck after it is issued to you. You should get this information from your employer's payroll department as they will be the one that would know how much FICA, federal income tax, state income, local taxes, etc they will have to withhold from your gross earnings wages, etc. before they print your check for your net take home pay. After the withheld amount for all taxes is subtracted from your gross earnings, wages, etc. your paycheck will issued for the net amount of your net take home pay.
What percentage of taxes comes out of your check in the state of Alabama?
Nothing is withheld from your weekly take home paycheck after it is issued to you. You should get this information from your employer's payroll department as they will be the one that would know how much FICA, federal income tax, state income, local taxes, etc they will have to withhold from your gross earnings wages, etc. before they print your check for your net take home pay. After the withheld amount for all taxes is subtracted from your gross earnings, wages, etc. your paycheck will issued for the net amount of your bonuses take home pay.
What does FIT EE on a payroll check mean?
FIT stands for Federal Income Tax. EE stands for employee. So, I assume on a payroll check it means the employee's income tax has been withheld.
What does FITmean on check stubs?
Federal Income tax (FIT) withheld from your gross wages.
What does fit mean on a payroll check stub?
fit = F.I.T. = Federal Income Tax
How do income tax laws affect payroll deductions?
Income taxes affect payroll, because it is the amount of money that is taken out of each check. Income tax must be paid by every working citizen.
Your paychecks gross was 2903.00 and 520.00 was taken out in federal tax was this right?
It is possible that the withheld amount is correct. You will have to get with the payroll department and ask them if the correct amount has been withheld from your gross pay before the check was printed for your net take home pay amount.
What does FED WT mean on a check stub?
It is your Federal withheld.
How many taxes withholding from the pay check?
Nothing is withheld from your weekly take home paycheck after it is issued to you. You should get this information from your employer's payroll department as they will be the one that would know how much FICA, federal income tax, state income, local taxes, etc they will have to withhold from your gross earnings wages, etc. before they print your check for your net take home pay. After the withheld amount for all taxes is subtracted from your gross earnings, wages, etc. your paycheck will issued for the net amount of your net take home pay.
What is the amount of percent withholdings on a weekly pay check?
Nothing is withheld from your weekly take home paycheck after it is issued to you. You should get this information from your employer's payroll department as they will be the one that would know how much FICA, federal income tax, state income, local taxes, etc they will have to withhold from your gross earnings wages, etc. before they print your check for your net take home pay. After the withheld amount for all taxes is subtracted from your gross earnings, wages, etc. your paycheck will issued for the net amount of your bonuses take home pay.
What percentage of taxes comes out of your check in the state of Alabama?
Nothing is withheld from your weekly take home paycheck after it is issued to you. You should get this information from your employer's payroll department as they will be the one that would know how much FICA, federal income tax, state income, local taxes, etc they will have to withhold from your gross earnings wages, etc. before they print your check for your net take home pay. After the withheld amount for all taxes is subtracted from your gross earnings, wages, etc. your paycheck will issued for the net amount of your bonuses take home pay.
What does FWT mean on payroll check stub?
Federal Withholding Tax
What percent of a payroll check is taking out for federal tax?
Generally, the following: Social Security: 6.2% Medicare: 1.45% Income tax withholding for federal and state it depends on how many exemptions you claimed when you filled out your W-4.
Is a annuity check taxed differently than a pay check?
No. You never have any taxes withheld from your NET take home paycheck. After the end of the year when you enter all of your gross worldwide income on your 1040 federal income tax return and you determine your TAXABLE INCOME amount on the 1040 page 2 line 43 where your federal income tax liability amount will be determined on line 44 by your marginal tax rates for the year on your TAXABLE INCOME.
