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I do have and don't intend on wasting it. Comments This discussion has now closed. Rates effective May 1, 2007 and are subject to change. To use this method, the agency must Calculate the correct amount of employment tax withholding on the loan repayment using one of two methods the regular method described in Question 6 or the flat rate method described in Question 7 Deduct the amount of employment tax withholding from the loan repayment and Deposit the amounts withheld and report the employment tax withholding and wages on Forms 941 and W-2 in accordance with normal deposit and reporting procedures. They purchase mortgages or mortage-backed securities from the mortgage issuers.
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