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what is a w - 4? a document that allows you to claim a tax credit befor…

Question

what is a w - 4?
a document that allows you to claim a tax credit before april 15th.
a form you must fill out that you send directly to the irs, not your employer
a document that states to you how much money has been taken out of your income from the previous year.
a document you fill out once employed that states to your employer how much in withholdings they should take out of your income.

Explanation:

Brief Explanations

A W - 4 form is used by an employee to inform their employer about the amount of tax withholdings that should be taken out of their income. Let's analyze each option:

  • Option 1: A W - 4 is not for claiming tax credits before April 15th. Tax credit claims are usually done through other forms or during tax filing.
  • Option 2: A W - 4 is given to the employer, not directly to the IRS.
  • Option 3: The document that shows how much money has been taken out of income from the previous year is a W - 2, not a W - 4.
  • Option 4: This matches the definition of a W - 4, as it is filled out by an employee to tell the employer about withholding amounts.

Answer:

D. a document you fill out once employed that states to your employer how much in withholdings they should take out of your income.