Suppose you filed your taxes and received a small refund from the IRS. What would have been the impact on the refund amount if you had increased the W-4 allowances for that tax year?
The refund would be smaller or you may owe taxes
The refund would be larger
The refund would not change

Question

08-02-2018
Business

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Suppose you filed your taxes and received a small refund from the IRS. What would have been the impact on the refund amount if you had increased the W-4 allowances for that tax year?
The refund would be smaller or you may owe taxes
The refund would be larger
The refund would not change

Respuesta :

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andriansp andriansp · Answer 1 · 2018-02-09T02:25:50+01:00

andriansp andriansp

09-02-2018

the refund would be largerw-4 is the form that you signed so your employer could withdraw a portion of your payment to be allocated to federal income tax. The fewer W-4 allowances you take, the more is withheld from your paycheck for tax purposes because the amount of tax payment that you have to pay is also increasing

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Suppose you filed your taxes and received a small refund from the IRS. What would have been the impact on the refund amount if you had increased the W-4 allowances for that tax year? The refund would be smaller or you may owe taxes The refund would be larger The refund would not change

Respuesta :

Otras preguntas

Suppose you filed your taxes and received a small refund from the IRS. What would have been the impact on the refund amount if you had increased the W-4 allowances for that tax year?
The refund would be smaller or you may owe taxes
The refund would be larger
The refund would not change