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Your income tax is indeed paid by your employer? Is there any other way to look at it for employees on payroll? It's just that you do the calculations to tell w
by ramraj07 6y ago
Your income tax is indeed paid by your employer? Is there any other way to look at it for employees on payroll? It's just that you do the calculations to tell what rate you're supposed to be on..
- Retric 6y ago“Your income tax is paid by your employer” is untrue if you have 2 jobs at the same time. If they where on the hook based on what they pay you then it wouldn’t matter that you have a second job. However, because you’re on the hook for the total amount, having a second job does matter and the IRS goes after you if you mess up the calculation. This is similar because a bank could be providing the money, but the buyer is ultimately on the hook for it.