Question

Which best summarizes the purpose of a W-4 form?

It helps determine the amount of taxes withheld from an individual’s paycheck.
It helps determine when taxes are due and if money is owed to the IRS.
It helps determine whether a person has dependents who must also pay taxes.
It helps determine when a person needs to pay local income taxes.

Answer 1

A W-4 form is an internal revenue service(IRS)tax form that is given to emloyes to fill to make known his tax situation to his employer.

Answer 2

Answer:

The W- is however taking place with complete set and it let employer to keep how much it is consider withholding from the pay check.

It usually grab it according to the federal taxes and keep sources for withholding it according to the extra money from your pay.

Thus, it is carried out by having a direct effect on the amount of tax that has been set with average account.