| Show Victory Tax To ToBe ToBe ToBe Be Withheld From Fro Pay Checks Wage Wage earners will find some some- something something thing thins missing from their pay en en- envelopes envelopes beginning Friday January 1 the thc the 5 per cent victory tax which treasury officials estimate will add to the thc governments government's revenues next year As a result of a treasury ruling that the tax must be bc withheld from frome crery e. e e cry pay check issued in 1943 re regardless re- re regardless of when the income was earned large numbers of wage earners large larRe numbers of wage learners receiving their first pay pa checks of the year car early in January will will find find have they the paid a tax on part pf their 1942 income income Under Ui f the treasury ruling the victory viCto viCt vic o tax must be withheld from irom such checks hecks unless the money due for the 1942 services was actually available to fo the tte on or be be- before before fore December 31 Treasury officials indicated it would be up to individual employ employ- employers ers to determine whether the money mone was actually available av be be- before before fore January 1 and thus exempt from from victory tax withholding The department has taken the position officials said that a written notice from an employer er that 1942 earn earn- earnings earnings ings were actually available a before January 1 will be accepted and the earnings thus not subjected to the victory tax But Dut they said the pay pay- payroll payroll roll must be computed and the pay check dated not later than Decem Decem- December ber her 31 31 |
