Which defines a W-4?(1 point)
Responses
a special kind of deduction
a special kind of deduction
an IRS form used to determine how much federal tax to withhold
an IRS form used to determine how much federal tax to withhold
a form created by employers to determine tax rate
a form created by employers to determine tax rate
a form of tax credit for individuals with children
an IRS form used to determine how much federal tax to withhold
Which describes an individual’s net income?(1 point)
Responses
all salaries
all salaries
all wages, salaries, and other earnings
all wages, salaries, and other earnings
all wages and other earnings minus FICA
all wages and other earnings minus FICA
all wages minus all taxes and deductions
The correct response is:
an IRS form used to determine how much federal tax to withhold
The correct answer is: an IRS form used to determine how much federal tax to withhold.
To find the correct answer, you can first search for "W-4" to identify that it is a type of form. Then, you can further investigate the purpose of a W-4 form. In this case, you would search for "What is a W-4 form?" or "What does a W-4 form determine?" This will lead you to information that explains that a W-4 form is an IRS form that individuals need to complete when starting a new job. The purpose of the W-4 form is to determine how much federal income tax should be withheld from an employee's paycheck.