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Employers use a _____ form to determine how much of your paycheck to withhold for income taxes.A.1099B.1040C.W-2D.W-4SUBMITarrow_backPREVIOUS

Question

Employers use a _____ form to determine how much of your paycheck to withhold for income taxes.

  • A. 1099
  • B. 1040
  • C. W-2
  • D. W-4

SUBMIT
arrow_back PREVIOUS

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Solution

To determine how much of your paycheck to withhold for income taxes, employers use a D. W-4 form.

The W-4 form, officially titled "Employee's Withholding Certificate," is filled out by employees to indicate their tax situation to their employer. This includes information such as marital status and the number of allowances, which helps the employer calculate the correct amount of federal income tax to withhold from the employee’s paycheck.

In contrast:

  • A. 1099 is used to report income other than wages, salaries, and tips.
  • B. 1040 is an individual income tax return form.
  • C. W-2 is a form that employers send to employees and the IRS, reporting the amount of wages paid and taxes withheld.

Therefore, the correct answer is D. W-4.

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