The 2020 W-4 form is substantially different than the prior W-4 form. You will notice...

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Accounting

The 2020 W-4 form is substantially different than the prior W-4 form. You will notice that even the title of the form has changed from Employer's Allowance Certificate to Employer's Withholding Certificate. Being familiar with the new form is an integral part of a payroll professional's responsibility. There is information on the American Payroll Association (APA) website about the new W-4 form and an educational webinar on the Internal Revenue Service (IRS) website on how to understand the 2020 W-4

After reviewing this information and other information you locate, answer the following questions:

  • Which steps of the form would you personally have to fill out and why?
  • Why do you think the IRS has made changes to the form?
  • How can an employer help an employee understand and fill out the form without giving them advice?

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