At the same time, for a well-tuned track machine the 2017 Chevrolet Corvette Grand Sport is remarkably docile to drive on your way to and back home from your next race school.
The federal income tax withholding would be $23, according to page 41 of the 2010 Circular E. The Social Security and Medicare tax rate for 1990 and later is 6.2 percent of gross earnings up to $106,800 and 1.45 percent of all gross compensation, respectively. Suppose the employee earns $200 weekly.
Federal Income Tax Employers generally must withhold federal income tax from employees' wages. To figure out how much tax to withhold, use the employeeâs Form W-4 and withholding tables described in Publication 15, Employer's Tax Guide.