how to determine federal withholding amount
The amount of your federal withholding is based on your estimated taxable income for the year. When you estimate your taxable income, you must take into account your filing status and the number of exemptions you anticipate claiming. Each of these items is important to determine how much of your income is taxable.he amount of your federal withholding is based on your estimated taxable income for the year. When you estimate your taxable income, you must take into account your filing status and the number of exemptions you anticipate claiming. Each of these items is important to determine how much of your income is taxable.