All categories

3 years ago

When starting a new job, the form you complete to determine how much tax to withhold from your paycheck is called the _______.

Business

2 answers:

maksim [4K]3 years ago

5 0

Letter D. W-4 is the answer to your question.

loris [4]3 years ago

5 0

The option (D) is correct.

When starting a new job, the form you complete to determine how much tax to withhold from your paycheck is called the W-4.

Further Explanation:

The purpose of W-4 form:

The employer has the liability to pay the income tax from the side of the employee. When an individual starts or changes the job, the employer has to ensure the amount of the salary that has to be withheld for income tax. So, the employer can pay from the side of the employee.

The employee has to fill W-4 form to in order to ascertain the amount of income tax payable and then submit it to the employee. The employee will seize the income tax amount from the salary of the employee and pay it to the federal government. The assessment of the withholding amount should be made periodically for the accurate assessment of the tax liability.

The employee has to fill form W-4 to determine the income tax amount that should be withheld by the employer from his/her paycheck.

Learn more:

1. Learn more about the tax on the sale of an asset

brainly.com/question/2617534

2. Learn more about the income tax

brainly.com/question/2996312

3. Learn more about the excise tax

brainly.com/question/8827242

Answer details:

Grade: Senior School

Subject: Taxation

Chapter: Income Tax

Keywords: starting, job, form, determine, tax, withhold, paycheck, 1040EZ, 1099, W-2, W-4, income tax, TDS.

You might be interested in

Tom takes a loan of $60,000 at 4% annual interest to purchase a property worth $100,000. He earns an annual income of $10,000 af

guajiro [1.7K]

Based on the given data, Tom's leveraged return on the real estate investment is 13.3%.

A leveraged return means an investment return on equity partially financed with debt.

Investment in property = $100,000 - $60,000

Investment in property = $40,000

Interest = $60,000 * 4%

Interest = $2,400

Net income after tax = ($10,000 - $2,400) * (1 - 30%)

Net income after tax = $7,600 * 0.70

Net income after tax = $5,320

Leveraged return = Net income after tax / Investment in property * 100

Leveraged return = $5,320 / $40,000 * 100

Leveraged return = 0.133 * 100

Leveraged return = 13.3%

Hence, Tom's leveraged return on the real estate investment is 13.3%.

Learn more about leveraged return:

brainly.com/question/14005616

8 0

2 years ago

What is 4 P's in entrepreneur

leva [86]

Answer:

passion, persistence, perseverance, and preparation

Explanation:

6 0

3 years ago

Managers organize information about a given job by performing a job analysis to determine the following with regard to that job:

Law Incorporation [45]

Answer:

All of the above.

Explanation:

Job analysis is when manager uses information available as a criteria for determining attributes required to perform a job.

In job analysis, information is made available to managers to know which employee is best suited for a particular role. It is also used to measure the capacity of employees whether they are being under or over utilized.

For effective job redistribution, job analysis is best recommended because it describes the work of current employee, working conditions and necessary educational certifications. Skills needed to perform on a role are also part of what is being considered in job analysis.

5 0

3 years ago

When there is a shortage, rationing is a method of distributing goods by using prices.

Cerrena [4.2K]

True, rationing is the selling of scarce goods or services in events such as war. Items are distributed in fairness to each citizen and they have to take a ration book to say what they have or haven't had and how much of it they have had.

6 0

3 years ago

When an investor adds international stocks to his or her U.S. stock portfolio, a. he or she needs to seek professional managemen

Ksivusya [100]

Answer:

When an investor adds international stocks to his or her U.S. stock portfolio, a. he or she needs to seek professional management because he or she doesn't have access to international investments on his or her own. b. it will have no impact on either the risk or the return of his or her portfolio. c. he or she will increase his or her expected return but must also take on more risk. d. he or she can reduce the risk of his or her portfolio. e. it will raise his or her risk relative to the risk he or she would face just holding U.S. stocks.

3 0

2 years ago