When Looking at a current or past paycheck for your personal withholding information. How can the amount of your tax withholding affect your budget or financial goals? Consider your personal savings rate. How does it align with your targeted saving rate by age? What aspects of your finances are affecting your saving ratio? What changes could you make to improve your savings ratio?

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The amount of tax withholding on a paycheck can have a significant impact on a persons budget and fi... View the full answer