Question
my question is more of a real-world scenario question. how is federal income tax calculated? i found things online that say its based on annual
my question is more of a real-world scenario question.
how is federal income tax calculated?
i found things online that say its based on annual income, but what about hourly jobs, where the amount of hours a week can vary.
i work for a comoany that constantly takes a flat 10% out every pay period for federal income tax, meaning they assume im in the lower bracket, but all the calculators i found online adjust the FIT based on hours worked and salery as if it applies to some formula.
so then is my company going based off of what i filed as last year?
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