ChatterBank1 min ago
Cumulative Tax?
5 Answers
What is it exactly? I ask because i seem to be paying a lot!
tia.
tia.
Answers
Best Answer
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For more on marking an answer as the "Best Answer", please visit our FAQ.A non-cumulative tax code is represented by the X at the end of the tax code. This means that tax is calculated on the gross pay earned in the current pay period only. Whereas, a cumulative tax code will assess an employee’s total gross pay for the tax year against the current point in the tax year to calculate the tax due.