IRS form W-4 is:
A) used solely for the calculation of federal income taxes
B) used to calculate Social Security and Medicare taxes
C) used to report withheld taxes to the IRS
D) used for income tax preparation

Question

Quizplus · Accepted Answer

IRS form W-4 is used solely for the calculation of federal income taxes. It is used to determine how much federal income tax to withhold from an employee's paycheck based on their filing status, number of dependents, and other factors. It does not determine the calculation of other taxes such as Social Security and Medicare taxes. It is not used for reporting withheld taxes to the IRS, nor is it used for income tax preparation.

IRS Form W-4 Is