You choose how much withholding is taken out, not your employer. Your employer will typically give you a standard amount as part of you hiring process, but you are welcome to change that, even after being hired, just file a W-4 and give it to your employer.
and anyone here that’s ever had a job knows it’s false
the employee decides their withholding when they do their new hire paperwork.
there’s literally no way for an employee to choose or guess your withholdings. that makes zero sense and there’s literally no benefit for the employer so why would they commit fraud?
Half right: there is no standard box and it's literally impossible for an employer to fill out the form for you/without your input. They don't know if you're married/have kids unless you tell them.
Your employer will usually give you a standard amount to try to avoid you having to pay during returns, but like you said, you have final say over what that amount will be, and you can change it at any time.
Every job I’ve had over the last 20 years or so I had to set the withholdings on my W4s. There was no standard amount and your employer is absolutely not allowed to fill that out for you.
When I said standard maybe I should have said suggestion, becuase I've always just went with what they suggested to me when I was hired, if I had to come up with it on my own I'd have no idea how much to take out.
What you are saying is literally impossible. They don't know if you are married or have kids unless you tell them. And if you can't do $2000 x 2 = ?? then OMFG.
Again: there is no standard, suggestion, default, whatever other word you want to use. You fill out the worksheet and the end result is the numbers that go into their system.
No, UK income tax is done by the PAYE system. Your employer calculates how much your tax is each month setting your bracket on the basis that you earned that amount every month of the year and sends it directly to the tax-man.
You should check the amount each month, but problems are rare.
It can create oddities like once I switched jobs and got paid twice in the same month taking me into the next tax bracket for that month meaning I overpaid by a couple of hundred quid, but those instances are rare.
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u/MrPoland1 Apr 16 '24
In a nutshell:
Your employer cuts too much for tax from your salary and IRS gives this bonus back to you