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In this video tutorial, users learn how to update their withholding elections, also known as taxes, in Workday. The process begins by accessing the "My Pay" worklet and selecting "Withholding Elections" to update federal elections. Users update the necessary fields, agree to the changes, and confirm. The tutorial then demonstrates updating state elections by navigating back to the homepage, selecting the "Pay" worklet, and then "Withholding Elections" again. The user increases their additional state withholding, agrees to the changes, and confirms. The demonstration concludes with a thank you for using Workday.