what is the relationship between the amount of federal tax deducted from your paycheck and the number of dependents you claim on

Question

Andreyy89

2 years ago

15

what is the relationship between the amount of federal tax deducted from your paycheck and the number of dependents you claim on

your W-4?

Business

1 answer:

PtichkaEL [24] · Answer 1 · 2023-04-04T13:01:39+03:00

The relationship between the amount of federal tax deducted and the number of dependents is that the more dependents you have, the less federal tax you pay.

<h3>How do dependents affect income tax?</h3>

Claiming dependents on your W-4 means that you are claiming allowances, and the higher the number of allowances claimed, the lower the tax withheld from you.

The logic behind this is that if you have more dependents, you will need more of your income to take care of them.

Find out more on claiming allowances on taxes at brainly.com/question/6942700.

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