Filling out the W-4 Independent Living October 14, 2015.
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Transcript of Filling out the W-4 Independent Living October 14, 2015.
![Page 1: Filling out the W-4 Independent Living October 14, 2015.](https://reader038.fdocuments.us/reader038/viewer/2022110109/5a4d1acb7f8b9ab05996f618/html5/thumbnails/1.jpg)
Filling out the W-4Independent LivingOctober 14, 2015
![Page 2: Filling out the W-4 Independent Living October 14, 2015.](https://reader038.fdocuments.us/reader038/viewer/2022110109/5a4d1acb7f8b9ab05996f618/html5/thumbnails/2.jpg)
Purpose of the W-4• Used by your employer to withhold the proper
amount of federal income tax from your paycheck• Employees fill out W-4 and the employer
calculates the amount of withholdings from there.
![Page 3: Filling out the W-4 Independent Living October 14, 2015.](https://reader038.fdocuments.us/reader038/viewer/2022110109/5a4d1acb7f8b9ab05996f618/html5/thumbnails/3.jpg)
Parts to the W-4• Personal Allowances
Worksheet • “Allowances” means:• Employee claimed
exemptions that don’t have to be subtracted from your paycheck • The more allowances
you claim, the less you pay in income tax
![Page 4: Filling out the W-4 Independent Living October 14, 2015.](https://reader038.fdocuments.us/reader038/viewer/2022110109/5a4d1acb7f8b9ab05996f618/html5/thumbnails/4.jpg)
Parts to the W-4• W-4 Form itself:• Information on you and your allowances will be listed
here.
![Page 5: Filling out the W-4 Independent Living October 14, 2015.](https://reader038.fdocuments.us/reader038/viewer/2022110109/5a4d1acb7f8b9ab05996f618/html5/thumbnails/5.jpg)
Scenario 1:• Lance Cole is a store manager at Buckle in Bellevue
Square and this is the only job Lance has at this point. Lance is single and has no children. He is a United States Citizen and is a recent college graduate. Lance’s Social Security Number is 509-72-5061 and his address is 804 NE 6th PL, Kirkland, WA 98062. He is asking his employer to withhold an extra $75 for retirement. • Fill out the W-4 form with the appropriate information
in regards to Lance’s situation as listed above.