2007-04-05 12:41:37 · 5 answers · asked by clintw2006 1 in Business & Finance ➔ Taxes ➔ United States
You can put as many as you want, but most payroll systems can only accommodate two positions (99)
If you do not have enough taxes taken out and end up owing for the 2007 tax year, the IRS could send your employer a lock-in letter telling your employer to deduct as if you were Single with one exemption, no matter what you can actually claim as exemptions.
2007-04-05 13:22:47 · answer #1 · answered by Mom of 2 4 · 0⤊ 0⤋
Since you supplied no information on which to base a guess, I'll just give my default answer. Use the IRS withholding calculator linked below.
2007-04-05 20:40:31 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
Anything you want. The instructions are on the form. Single is usually 2.
2007-04-05 19:45:02 · answer #3 · answered by Barkley Hound 7 · 0⤊ 0⤋
As many as you want. I would be careful though, if you don't have enough withheld from your paycheck, you will end up owing taxes when you file your return and if it is a large enough dollar amount, there may be penalties and interest.
2007-04-05 19:45:33 · answer #4 · answered by Amy F 3 · 1⤊ 0⤋
None. Zero.
However, if you used the word "allowances", our responses might be different.
2007-04-06 09:32:35 · answer #5 · answered by bold4bs 4 · 0⤊ 0⤋