Question

determine which statements are correct regarding a w-4. check 3 correct answers..
a w-4 determines the amount of federal income tax to withhold from an employee’s paycheck.
additional income or withholdings can be indicated on a w-4.
dependents are never indicated on a w-4.
a person who marks their w-4 as \single\ will have fewer taxes withheld than a person who marks \married filing jointly\.
a person who marks their w-4 as \single\ will have more taxes withheld than a person who marks \married filing jointly\.

Explanation:

1. The core purpose of a W-4 form is to calculate federal income tax withholding for employee paychecks, so this statement is correct.
2. W-4 forms include sections to report additional income or request extra withholdings, making this statement valid.
3. Single filers have a higher withholding rate than those filing married jointly, so single filers have more taxes withheld, making this statement correct. The other two statements are incorrect: dependents are indicated on a W-4, and single filers have more (not fewer) withholdings than married joint filers.

Answer:

A. A W-4 determines the amount of federal income tax to withhold from an employee's paycheck.
B. Additional income or withholdings can be indicated on a W-4.
E. A person who marks their W-4 as "Single" will have more taxes withheld than a person who marks "Married filing jointly".