Ask Question
BusinessBusiness
30 April, 07:00

What is the W-4 form used for?

filing taxes with the federal government

determining the amount of money an employee has paid out in taxes

calculating how much tax should be withheld from a person's paycheck

calculating how much income was paid in the previous year

+5
Answers (2)
  1. 30 April, 07:17
    0
    How much tax should be withheld from a persons check
  2. 30 April, 07:23
    0
    The correct answer is the option C: calculating how much tax should be withheld from a person's paycheck.

    Explanation:

    The ''Employee's Withholding Allowance Certificate'', or most commonly known as ''Form W-4'', is the name given to an Internal Revenue Service (IRS) tax form, in the United States, whose main purpose is to be delivered to the employer by his employee in which this last one states his tax situation in order to let the employer the posibility to know the correct amount of tax money that needs to be withhold from the employee's paycheck every month. Moreover, this type of tax form is based on the idea of ''allowances'', stating that the more allowances claimed, the less money the employer withholds for tax purposes.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is the W-4 form used for? filing taxes with the federal government determining the amount of money an employee has paid out in taxes ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The industry concerned with the movement of goods from producer to consumer is
Answers (1)
The most serious problem with aggression is that A. we remove the obstacle that's the cause of our frustration. B. it's sometimes necessary to change our goals. C. it can cause property damage. D.
Answers (1)
All the different management fees and fund's operating costs are often referred to as a (n) : Question 17 options: financial ratio. expense ratio. investment ratio. management ratio.
Answers (1)
At the beginning of a recent year, The Walt Disney Company's liabilities equaled $26,197 million. During the year, assets increased by $400 million and year-end assets equaled $50,388 million. Liabilities decreased $100 million during the year.
Answers (1)
Raynor Company has the following dа ta: Direct labor 76,000 Direct materials used 84,000 Total manufacturing overhead 60,000 Ending work in process 45,000 Beginning work in process 30,000 Calculate the cost of goods manufactured.
Answers (1)
New Questions in Business
A client's condition has resulted in a decrease in work demands of most cells in the body. Which change within the cell will likely result from this decrease in work?
Answers (1)
At the scene of the crime, the evidence collector found a damp, bloody shirt. the evidence collector quickly wrapped the shirt in a paper bindle. he inserted the paper bindle with the shirt into an evidence bag.
Answers (1)
What may managers rely on to decide if they'd like to interview a candidate in person?
Answers (1)
How are direct lending and dealer financing similar? And which is the better option?
Answers (1)
Suppose that a worker in Tabletland can produce either 4 tablets or 1 television per year, and a worker in Ledville can produce either 2 tablets or 4 televisions per year. Each nation has 50 workers.
Answers (2)
Home » Business » What is the W-4 form used for? filing taxes with the federal government determining the amount of money an employee has paid out in taxes calculating how much tax should be withheld from a person's paycheck calculating how much income was paid in
Sign Up Forgot Password?