What when a federal tax levy is in play


Question: The amount that an employee is allowed to keep as take-home pay when a federal tax levy is in play is: a. a single standard deduction plus an exemption for the employee. b. a determination made by the IRS and sent to the employee on a Form 668-W. c. variable, depending upon county that the levy originates. d. outlined in an IRS table ("2022 table for Amount Exempt for Tax Levy (Single Person)), based on allowances claimed.

 

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Accounting Basics: What when a federal tax levy is in play
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