In compliance with State and Federal regulations, the University withholds income tax from wage and salary payments made to employees. Refer to the most recent withholding tables posted on the Tax ...

Withholding tax is deducted from employee wages to prepay state and federal taxes. Different types apply, including for income, Social Security, and Medicare. To calculate, adjust for allowances ...

JulPo / Getty Images Backup withholding is money set aside for tax purposes for withdrawn investment income. Backup withholding is a tax that is levied on investment income, at an established tax ...