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Can't companies know if you have income from elsewhere? After all, they have to know how much to withhold for taxes.
by sertbdfgbnfgsd 3y ago
Can't companies know if you have income from elsewhere? After all, they have to know how much to withhold for taxes.
- asvitkine 3y agoThe withheld amount may not match the amount you'll actually owe at the end of the year, since it gets recalculated at income tax time.
- ghaff 3y agoIn the US, no. I tell the company the number of deductions on some IRS form which determines their deductions on a W2. There are some things like not having two different 401Ks at the same time but my company certainly doesn't know about the other sources of income I have (which are not from other employers).