I know this sounds dumb... it is a question that I need to ask someone about for one of my classes...
2007-02-13 12:49:16 · 4 answers · asked by Need to know 2 in Business & Finance ➔ Careers & Employment
A W-4 is a form telling the employer how many deductions you want to have, for the purpose of calculating how much tax to withhold from your paycheck.
An employer will usually give you a blank W-4 form within the first few days of your starting a job with them. The blank form includes a worksheet you can follow to get the "correct" number of deductions.
Retired guys don't work, so there is no such thing as a W-4 for them ( unless they go back to work ).
They also have no such thing as a W-2 unless they have worked on someone's payroll during the past year.
2007-02-13 12:56:43 · answer #1 · answered by InspectorBudget 7 · 0⤊ 0⤋
If you get a job as an employee they will give you a W-4 Form to fill out. Doesn't matter how old you are, and if you are working you are not retired.
2007-02-13 20:52:55 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you draw from a company retirement fund or from a 401k plan for retirement income, then you get a w-4 or a 1099 showing your income for the year.
2007-02-13 21:03:19 · answer #3 · answered by Country girl 7 · 0⤊ 0⤋
YOU DON'T GET W4'S. JUST A FORM FOR TAX PURPOSE.
THEY ARE FILLED OUT TO DEDUCT INCOME TAX FROM PAYROLL .
2007-02-13 21:52:06 · answer #4 · answered by cork 7 · 0⤊ 0⤋