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Fit = federal income tax, sit = state income tax. In the United States, the Federal Income Tax is determined by the Internal Revenue Service. 10%, 12%, 22%, 24%, 32%, 35% and 37%. How to calculate a taxable salary. Proper deductions are often one of the most important deductions for your income.

Pull up the payroll for the Employee in question. Then go to the Taxes Tab. Do NOT look at the earnings tab. The earnings tab is Gross Pay and not affected by deductions. You MUST look on the Taxes tab. On the Taxes Tab and look at the FIT line. The first thing to look at is the Employee Subject Earnings. Note this amount.

Federal Income Tax FIT and Federal Insurance Contributions Act FICA. How much is coming out of my check. FIT on a pay stub stands for federal income tax. It allows you to adjust your withholding upward or downward. FIT deductions are typically one of the largest deductions on an earnings statement.

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