Payroll Tax vs. Income Tax: Understanding the Similarities and Differences
Zenefits
MAY 16, 2023
Income tax is a levy by the government based on an employee’s wages. Payroll form W-4 is an Internal Revenue Service (IRS) document that new employees fill out to determine federal tax withholding. For example, some states may follow the same progressive tax rate as the federal government. What is a W-4 form?
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