Question

When starting a new job, the form you complete to determine how much tax to withhold from your paycheck is called the

Answer 1

The answer is W-4.

When starting a new job, the form you complete to determine how much tax to withhold from your paycheck is called the W-4.

This form is also referred to as Employee’s Withholding Allowance Certificate. This amount is sent by your employer to the Internal Revenue Service specifying other details such as your name and social security number as well.

Answer 2

The W-4 is the form that all employees have to fill when starting a new job, in order to determine the amount of money which has to be deducted for the paycheck of the employee for Tax purposes.

The amount of money taken off the paycheck by the employer for tax purposes is known as tax withholding.