Page 42 - Tax Information for Individuals - Handbook0
P. 42

Paying Taxes for Individuals (4/7)














                         T                    A










                                                                                        WITHHOLDING
                 S                  PAY               X                                If you're an employee, your




                                                                                             employer probably

                                    E                                                   withholds income tax from
                                                                                        your paycheck and pays it
                                                                                          to the IRS in your name.










                          /!| The federal income tax is a pay-as-you-go tax. You pay the tax as you
                                             earn or receive income during the year. |!\

    https://lentcpa.com                                                                                                              40
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