Not that they keep it. That wording is basically the same as a paycheck. Your gross is $100. FICA withholding is $7.65 and Federal Income Tax withholding varies. Let's just say 10 bucks.
You get a check for $82.35 (assuming no other deductions).
You are considered to be paid $100. That $17.65 is then sent to the IRS on your behalf. Then, you settle up at the end of the year on your income tax return.
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