Michele is single with no dependents and earns $23,000 this year. Michele claims sixteen allowances on...

90.2K

Verified Solution

Question

Accounting

Michele is single with no dependents and earns $23,000 thisyear. Michele claims sixteen allowances on her Form W-4. Which ofthe following is correct concerning her Form W-4?

a.Michele may not under any circumstances claim sixteenallowances. b.Michele's employer will require her to verify herright to claim sixteen allowances. c.Michele's employer will submita copy of her W-4 to the IRS if directed to do so by writtennotice. d.Michele's employer should ask her to prepare a correctedForm W-4. If Michele is unwilling to update her Form W-4, then heremployer should disregard her Form W-4 and withhold at the singletaxpayer rate with no allowances. e.None of these choices arecorrect.

The process for employee withholding involves:

a.the employee provides wage information and the employercompletes Form W-4 and withholds based on employee instruction

b.the employee provides filing status and the employer completesthe Form W-4 and submits to the IRS for proper withholding

c.the employee completes most of the Form W-4 and the employersubmits the form to the IRS and awaits withholding instructions

d.the employee computes the number of allowances on Form W-4 andthe employer uses the W-4 information to calculate income taxwithholding

Answer & Explanation Solved by verified expert
4.4 Ratings (728 Votes)
Solution step 1 of 4 Form W4 Form W4 helps an employee in determining the amount of federal tax obligation that is required to be paid respective of the marital status number of allowances claimed and other related factors step 2 of 4 Person M who is unmarried and has no    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students