^that's pretty well what I'm wondering.
Say withholding tax is 30% of $20 000
Nominal tax rate let's say 35%.
Could we, with reasonable accuracy:
figure 35% of $20 000 is $7000.
30% Withholding of $20 000 is $6000.
Come income tax time, anticipate an additional $1000 in tax owing (difference between tax rate and amount withheld)?
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