Solved: Federal income tax withholding, Accounting Basics

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Federal income tax withholding

Question: Can you please explain the distinction between Form W-3 and Form W-4 and the purpose of each and what are pretax salary reductions? What effect do pretax salary reductions have on the federal income tax withholding? Can you give me an example of a pretax reduction.

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Accounting Basics: Federal income tax withholding

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Accounting Basics: Federal income tax withholding

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