I work as a course assistant for a college. On it, it says that my gross pay is $864, and my net pay is $714.70. Apparently, "fed withholding" and "NH state withholding" took away $108.38 and $40.92 from my gross pay.
What is fed and NH state withholding? I know that the FICA amount is used to fund social security and medicare. I thought that first that the withholdings pertained to taxes, but I thought that we paid income tax by filling out forms later on such as the 1040?