Explore BrainMass

Explore BrainMass

    Pretax Salary Deductions

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    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.

    © BrainMass Inc. brainmass.com June 3, 2020, 9:08 pm ad1c9bdddf
    https://brainmass.com/business/accounting/pretax-salary-deductions-167919

    Solution Preview

    Employers and other payers file Form W-3 to transmit copies A of paper Forms W-2 to the Social Security Administration.

    The W-4 Form is completed by an employee so the employer can withhold the ...

    Solution Summary

    The solution provides explanations and examples of pretax salary reductions and forms W3 and W4.

    $2.19

    ADVERTISEMENT