2006-09-12 06:54:33 · 4 answers · asked by tiffany197884 1 in Business & Finance ➔ Taxes ➔ United States
The W-4 is the form you fill out to tell your employer how much to take out of your paycheck in taxes, the W-2 is the form they send you at the end of the year to let you know how much they took out.
For the w-4 the top part of the page is a worksheet, the botttom part is the official form. Don't worry too much about the top part, because nobody looks at it but you.
In the bottom part, fill out your name, social security number marital status etc.
Lines 5-7 are the tricky part. This is the part which determines how much tax they take out of each paycheck. To avoid owing money at the end of the year you want to put the smallest number possible. That means they will take more money out of each check, but you will most likely get money back at the end of the year.
If you are a minor, or your parents are putting you through college: put 0 or 1 on line 5. (O means they will take more out of each check, 1 means a little less).
If you are single or married and have only one job, put 1 on line 5.
If you have more than one job, you may want to enter an additional amount on line 6, to avoid owing money at the end of the year.
If you have kids, you can put the number of kids you have plus one for yourself on line 5, or you may be exempt, if you do not make a whole lot of money.
Your employer should be able to help you with any questions, and if your parents or spouse claim you on their taxes, they should be able to help you as well.
2006-09-12 07:15:34 · answer #1 · answered by flem 2 · 1⤊ 0⤋
The W-4 Form is a National Form. It would be completed per the Instructions the same as if in any other state.
The W-2 is another National Form that would be completed by the employer at the end of the calendar year.
2006-09-12 14:03:12 · answer #2 · answered by mcmurrayjamiefan 4 · 0⤊ 0⤋
Your employer completes a W-2 at the end of the year to report what your earned. You complete a W-4 to tell your employer how much to withhold. The link below is a calculator supplied by the IRS to help determine the number of exemptions to claim. NOTE: Exemptions NOT deductions.
2006-09-12 14:18:18 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
you only fill out the W-4 and it is the same for all states
2006-09-12 14:00:57 · answer #4 · answered by bregweidd 6 · 0⤊ 0⤋