Which is an example of a withholding you might see on your pay stub?
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A withholding tax (WHT) is a certain amount of money deducted by the Government from a person's pay check. It is also known as retention tax.This is to make sure that the people pay taxes as they are supposed to.
An example of this is: India charges 25% as withholding tax for technical services.
An example of this is: India charges 25% as withholding tax for technical services.
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Health insurance and retirement savings are examples of a withholding one might see on the pay stub
Explanation:
- Pay stub is when the people working in a company receive their paychecks the pay stub is what outlined in form of the details of their pay during the pay period.
- The pay stub include the information of the employee, and their social security number, and address. It gives information regarding the the pay rate of the employee and the dates of the pay period
- It also contains other information in regards employee contributions in regards to the retirement plans or pensions, deductions for health insurance or life insurance and more.
To know more about pay stub
On a pay stub, what is the difference between "Net Pay" and YTD Net Pay"?
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