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To: Tucker822; potlatch

.

That was so long ago that I believe someone on my large staff typed W-2 in error

I now have reviewed those comments and revise and extend that post as follows:

W-4


49 posted on 04/07/2010 8:58:45 PM PDT by devolve
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To: devolve; potlatch

No problemo.

I do the accounting for my company. Zero dependents listed on your W-4 will generate the max of income taxes being taken out of your paycheck, whereas 9 dependents (which is the legal maximum of dependents you can list)will generate no taxes being taken out. You can use numbers between 0 and 9 to determine what your tax liability would be.

As a personal reference, I only actually have 2 dependents, but list 4 on my W-4 so that I come out even. I don’t owe any taxes and the feds don’t owe me a refund either. That way the feds don’t get my money to use...interest free.

I hope that makes sense.


50 posted on 04/07/2010 9:15:18 PM PDT by Tucker822
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