Most states follow the federal rules for reporting distributions from deferred compensation plans, please consult local regulations. INCOME TAX WITHHOLDING Distributions from nonqualiï¬ ed deferred compensation plans are normally considered to be âsupplemental wagesâ for income tax withholding purposes.Federal tax withholding rules require that taxes on supplemental wages are withheld at a ï¬ at rate of 25 percent.If the participantâs total supplemental wages from all sources exceeds $1 million, federal tax must be withheld at the ï¬ at rate of 35 percent.State rules vary, please consult local regulations.ost states follow the federal rules for reporting distributions from deferred compensation plans, please consult local regulations. INCOME TAX WITHHOLDING Distributions from nonqualiï¬ ed deferred compensation plans are normally considered to be âsupplemental wagesâ for income tax withholding purposes.
But finding the main idea of a paragraph or longer passage of text, along with making an inference, finding the author's purpose, or understanding vocabulary words in context, is one of the reading skills important to master.
Sometimes, the central idea of the piece is stated in the introduction or first paragraph, and the supporting ideas of this central idea are presented one by one in the following paragraphs. Always read the introductory paragraph thoughtfully and look for a thesis statement.