Most of what you need to know is on there. If Box 2(c) is checked, then the federal tax is calculated using the "HIGHER" withholding tables, which are designed to withhold tax based on the assumption that the second job is earning similar pay.The amount from Step 3 (Dependents) is subtracted after the federal tax withholding is calculated, unlike deductions which are subtracted from the gross wage prior to the calculation.The New W-4 form eliminated the concept of "Allowances" but added in the option to specify dollar amounts for other income, additional deductions, dependents, and extra withholding.The New W-4 form is more complicated (when working muliple jobs), but designed to help you estimate your tax withholding more accurately.
Here are some notes about the differences with the new W-4 form that I learned or noticed as I created the new calculator. How Do W-4 Allowances Affect Take-Home Pay? Some Notes About the New W-4 Form
0 kommentar(er)
