income






 

Question by  Kirthi (20)

What is "FIT" on my paycheck?

What does this mean?

 
+5

Answer by  technogeek (6640)

FIT stands for Federal Income Tax. This is what you declare when you prepare your tax return every January or February.

 
+3

Answer by  AJ93 (182)

FIT is the federal income tax that is withheld from your pay. You should also see state income tax, and medicare and social security.

 
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