This information will be periodically updated as Treasury enters into additional PSP3 agreements. Treasury is providing information on PSP3, including program participants, the amount of payroll support to the participants, and any financial instruments provided by the participants. The Treasury Department is committed to implementing PSP3 with transparency. Employers send the amounts withheld to the federal government. Employers withhold payroll taxes and income tax from employees' pay. : Resources for YouthVisit disclaimer page Use this resource to help kids and youth learn about money management through games, fun activities. In this tax tutorial, you will learn about payroll taxes and income tax withholding. MYMONEY.GOV: Want to know more about money management Click here to learn about five key principles of money management and much more. Government for the provision of the financial assistance. Module 1: Payroll Taxes and Federal Income Tax Withholding. Passenger air carriers receiving payroll support of more than $100 million and contractors receiving more than $37.5 million (in each case based solely on amounts received in PSP3) are required to provide financial instruments as appropriate compensation to the U.S. Payroll Support under PSP3 is provided on similar terms and conditions as in PSP1 and PSP2, including a requirement for participants to refrain from conducting involuntary furloughs or terminations of employees through the later of September 30, 2021, and the date on which the entity’s PSP3 funds are exhausted. As specified in section 7301 of the ARP, the amount to be received by each PSP3 passenger air carrier is based on the amount that the passenger carrier received under PSP2 relative to the amount of funding made available under PSP3, and the amount to be received by each PSP3 contractor is equal to the amount that the contractor received under PSP2. Macroeconomic and Foreign Exchange Policies of Major Trading Partners. Financial capability is the capacitybased on knowledge, skills, and accessto manage financial resources effectively. Transparency Center - YourMoney.NJ.Gov, the data and analytical tools on this site will help taxpayers better understand public finances, make government more accountable. Up to $14 billion is available for passenger air carriers and up to $1 billion is available for certain contractors. The Committee on Foreign Investment in the United States (CFIUS) Exchange Stabilization Fund. This brief shares lessons learned from three local intermediary organizations that have supported nonprofits in their efforts to integrate financial capability services into existing program. Like the Payroll Support Program under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (PSP1) and PSP2, PSP3 provides payroll support to passenger air carriers and certain contractors for the continuation of payment of employee wages, salaries, and benefits.
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