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
The correct answer is the option C: calculating how much tax should be withheld from a person's paycheck.
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.
the first one $24,630