Page:United States Statutes at Large Volume 56 Part 1.djvu/918

 PUBLIC LAWS-CH. 619-OCT. 21, 1942 Ante, pp. 884, 885. Ante, pp. 802, 846, 803. 53 Stat. 5. 26U..C.I12; Supp. I, § 12. 53 Stat. 91. 26U.S.C. 322. Ante, pp. 876. 877; port, p. 893. For semimonthly pay-roll period For monthly pay-roll period The amount of tax The amount of tax If the aes Ifthe wages But not over to be withheld are over shall be are over shall be $26 $30 $0. 10 $52 $60 $0. 20 30 40 .40 60 80 .90 40 50 .90 80 100 1. 90 50 60 1. 40 100 120 2. 90 60 70 1. 90 120 140 3. 90 70 80 2. 40 140 160 4. 90 80 100 3. 20 160 200 6. 40 100 120 4. 20 200 240 8. 40 120 140 5. 20 240 280 10. 40 140 160 6. 20 280 320 12. 40 160 180 7. 20 320 360 14. 40 180 200 8. 20 360 400 16. 40 200 220 9. 20 400 440 18. 40 220 240 10. 20 440 480 20. 40 240 260 11. 20 480 520 22. 40 260 280 12. 20 520 560 24. 40 280 300 13. 20 560 600 26. 40 300 320 14. 20 600 640 28. 40 320 340 15. 20 640 680 30. 40 340 360 16. 20 680 720 32. 40 360 380 17. 20 720 760 34. 40 380 400 18. 20 760 800 36. 40 400 420 19. 20 800 840 38. 40 420 440 20. 20 840 880 40. 40 440 460 21. 20 880 920 42. 40 460 480 22. 20 920 960 44. 40 480 500 23. 20 960 1, 000 46. 40 500 - $23. 70 plus 1,000 - - $47.40 plus 5% of the 5% of the excess over excess over $500. $1,000. "(d) TAX PAID BY RECIPIENT.- If any tax required under this part to be withheld and collected is paid by the recipient of the income, it shall not be re-collected from the withholding agent; but such payment shall in no case relieve the withholding agent from liability tor interest or additions to the tax otherwise applicable in respect of the tax imposed by this chapter. "(e) CREDIT FOR TAX WITHIIELD AT SOURCE.-The tax withheld and collected under this part shall not be allowed as a deduction either to the withholding agent or to the recipient of the income in computing net income; but the amount of the tax so withheld and collected shall be allowed as a credit against the tax imposed by this chapter upon the recipient of the income. Such credit shall be allowed first against the victory tax imposed by section 450 (adjusted for the credit allowed by section 453) and the excess of such credit, if any, over the victory tax, so adjusted, shall be allowed against the tax imposed by sections 11 and 12 or section 400, as the case may be. "(f) REFUNDs. - Where there has been an overpayment of tax under this part, any refund or credit made under the provisions of section 322 shall be made to the recipient of the income; but, in any case in which such tax was not so withheld by the withholding agent, such refund or credit shall be made to the withholding agent. "(g) INCLUDED AND EXCLUDED WAGES.-If the remuneration paid by an employer to an employee for services performed during one- half or more of any pay-roll period constitutes wages, all the remu- neration paid by such employer to such employee for such period shall be deemed to be wages; but if the remuneration paid by an employer to an employee for services performed during more than 890 [56 STAT.

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