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Accounting > Withholding Allowance

The following information is about Withholding Allowance.

Withholding Allowance Defined

Each taxpayer is allowed to claim a withholding allowance, which exempts a certain amount of wages from being subject to WITHHOLDING. The allowance is designed to prevent too much taxes being withheld from a taxpayers wages and a person can compute this by completing form W-4 and submitting it to their employer.

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Tue Jun 23

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