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What does SITW stand for?

SITW stands for State Income Tax Withholding

This definition appears somewhat frequently and is found in the following Acronym Finder categories:

  • Military and Government

See other definitions of SITW

Other Resources:
We have 1 other meaning of SITW in our Acronym Attic

Samples in periodicals archive:

00 Hardcover KF6436 Written to provide a convenient guide to all aspects of payroll administration, this volume offers concise, accessible answers to some 1,200 commonly-asked questions, such as how benefits are taxed and reported; how the required new-hire reporting is implemented; what the penalties are for violation of the equal pay provisions of the Fair Labor Standards Act; general rules for depositing taxes; and the most common methods used to calculate state income tax withholding.
Distributions made directly to participants are subject to 20% federal income tax withholding and, in some states, to state income tax withholding.
3 percent of compensation for employer and employee social security taxes, at least 15 percent for federal income tax withholding, approximately 6 percent for state income tax withholding, and approximately 4 percent for unemployment insurance.