how does the pay as you go procedure apply to wage earners? To persons who have income from sources other than wages?
Expert Answer
Answer:
Don't use plagiarized sources. Get Your Custom Essay on
Question & Answer: how does the pay as you go procedure apply to wage earners? To persons who have income fr…..
GET AN ESSAY WRITTEN FOR YOU FROM AS LOW AS $13/PAGE
Pay as you go procedure apply to wage earners
(1)
As per the tax law requirement, an employer must with hold the specific amount from the wages of the employee and such amount will paid to the employee to cover the payroll and income taxes
(2)
For the income other that wages ,I mean to say Non-wages income are generally paid the quarterly to IRS for estimated tax
This both way allowed the tax payer for able to pay his tax for income that is earned by him either by wages or For the income other that wages