The IRS W-4 form serves what purpose?
A)Documents employment eligibility
B)Establishes employee's withholding allowance
C)Documents eligibility for earned income credit
D)Documents wages earned

Question

Quizplus · Accepted Answer

The IRS W-4 form is used to establish an employee's withholding allowance for federal income tax purposes. By completing the form, an employee can indicate how much tax should be withheld from each paycheck based on their marital status, dependents, and other factors. The purpose of the form is to ensure that employees have enough taxes withheld throughout the year to avoid owing a large tax bill at the end of the year.

The IRS W-4 Form Serves What Purpose