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1. TF.09-003 The two most common methods of determining federal income tax withholding are the percentage method and the wage bracket method. True False 2. MC.09-009 Choose the incorrect answer. In completing a 2021 Form W-4, employees may claim additional deductions in Step 4: a. If they have deductible IRA contributions. b. If they are paying deductible alimony. c. If they have high levels of interest and dividend income. d. If they expect to have large amounts of itemized deductions. 3. TF.09-020 Helen is the payroll manager for Resource Funding Corporation (RFC). One of the RFC's long-time employees was recently divorced and wishes to adjust his withholding. The employee was previously using a Form W-4 from 2013 to indicate his withholding. The employee will be permitted to update the existing pre-2020 Form W-4 to adjust his withholding. True False 4. .09-027 Select the incorrect answer. Estimated income tax payments: Q. should be paid if the estimated tax, after subtracting withholding, can reasonably be expected to be more than b. Are made in four installments on April 15 , June 15 , September 15 , and December 15 of the tax year. c. If inadequate, may result in nondeductible penalties. d. May be based on the amount of the tax liability for the prior year. 5. TF.09-023 13. Individual quarterly estimated tax payments are filed with Form 1040-ES. True False

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