New Withholding Rules After July 1 Reduces Weekly Pay
The new system requires monthly wage withholding for Income and Victory Tax. For a $3,000 yearly income with a wife and two children, personal exemption and dependents total $1,872, leaving $1,128 taxable. At 20 percent, annual withholding is $225.60, cutting about $4.40 from weekly take-home after July 1.
MENTIONED IN THIS ARTICLE
United States Treasury
Also Mentioned on This Page
Secretary of the Treasury
Ekly
Virginia Woolen Mills
Oscar Nebel Hosiery Corp
NEH! Bottling CO
Royal Crown Cola
Cooper Merchandise and Oil Co
M. J. Grove Lime CO
Stephens City, Va
Fred F. Sturm
Shen. Val
Apple Cider and Vinegar Corp. “Apple Pie Ridge Vinegar
J. V. Arthur Insurance
Big Boy Beverage Co. Dist. of
Nat. Fruit Products Co., Inc
White House Food Producte
Herbert Bryant, Inc
Feens
E. P. Bean Fruit Dealer
Dial
Royal Amusement Co
M. T. Duff
Mgr
E. W. Armstrong Co
Valley Service Station, Inc
Cammer Tire CO
Geo. W. Clowser
R. E. Buncutter
Winchester Steam
and Sunshine Cleaners
John W. Rosenberger
Winchester Typewriter Co
Winchester Seed Co
A. K. Wingert “Beverages
Swimley Furniture Co
Virginia Feed Mills
M. F. Seldon
Bell Clothing Stores Men’s Wear
Winchester
Front Royal
John H. Clayton
Duncan Bros