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Ugo [173]
2 years ago
8

The amount of federal income taxes withheld from an employee's paycheck is determined by:_____.

Business
1 answer:
gladu [14]2 years ago
8 0

The amount of federal income taxes withheld from an employee's paycheck is determined by information claimed by them on the W-4 form.

Amount of federal income tax taken from an employee's gross pay by their employer; the amount withdrawn depends on the employee's gross pay, the pay period, and the number of allowances they claim on their W-4 form.

Your answers on Form W-4, the Employee's Withholding Certificate, determine the amount of tax withheld from your salary by your employer.

When you file your annual income taxes, the more properly you fill it out, the less you will owe (or be owed).

You can modify your withholding using the new Form W-4 depending on specific personal circumstances, such as taking a second job.

Additionally, you can strategically complete the form to either assure that you pay no additional taxes or that you'll get a refund to come tax season.

Hence, the amount of federal income taxes withheld from an employee's paycheck is determined by information claimed by them on the W-4 form.

Learn more about tax:

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Identify and analyze a department in your organization that experiences frequent equipment or process failures. If you are not c
lord [1]

Answer:

Find the explanation below.

Explanation:

The name of my organization is Prime Plc. known for the production of confectionaries. The Production Department in my organization has been experiencing frequent equipment failures quite recently. A close investigation showed that the delays were caused by a breakdown of the sugar mills, mixers and, coating machines. This has resulted in delays in the production process. To improve these failures, I believe that the organization should:

1. Employ Technicians who can quickly carry out repair work on these machines when they breakdown instead of outsourcing the repair work for this would take a longer amount of time to get the machines up and running.

2. Introduce the periodic maintenance of these machines. Machines are subject to wear and tear, so I would suggest that the maintenance of these machines is carried out within intervals of three months.

3. Train the production personnel on the proper usage of these machines. Production personnel should be updated on current and effective ways of handling machines so as to guarantee their safety and longer use.

4. Make provisions for backup machinery and equipment. The organization would do well to purchase backup equipment especially for machines that the organization cannot do without so that in the event of an equipment failure, the production process would not be stalled.

When these measures are considered, there would be a significant improvement in the production department.

8 0
2 years ago
A monopolist has four distinct groups of customers. Group A has an elasticity of demand of​ 0.2, B has an elasticity of demand o
Bumek [7]

Answer:  Group A

Explanation:

Price Elasticity of demand refers to the sensitivity of quantity demanded given a change in price. In other words, how much will quantity demanded change if price changes. Higher elastcities mean that when prices change, their quantity demanded changes more. For instance, an elasticity of demand of 2 means that when prices rise by 2%, demand will decrease by 4%.

The group that will be paying the most therefore will have to be the group that is least sensitive to paying that high price. That would be Group A. As they are not very sensitive to price changes with an elasticity of 0.2, the Monopoly can increase their price to a higher point than others knowing that they won't demand less goods.

5 0
2 years ago
When an account payable is paid off in full, an entry is journalized that credits
Sedbober [7]

Answer:

B

Explanation:

8 0
2 years ago
Read 2 more answers
For the year ended December 31, a company has revenues of $332,000 and expenses of $203,500. The company paid $56,000 in dividen
Orlov [11]
Oh my chocolate milkshake so many IT can color Pepsi turn around there’s a grand kick your out of a
3 0
3 years ago
É uma estratégia competitiva que busca alcançar retornos máximos dos produtos que estão na fase de declínio do seu ciclo de vida
aalyn [17]

Answer:

D

Explanation:

A estratégia de colheita, mais comumente chamada de estratégia de saída, é a forma como um empreendedor ou investidor tenta extrair o seu dinheiro de um negócio depois de ter se tornado bem sucedido.

8 0
3 years ago
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