Tax Form Quick Check

The form employers must provide to employees by January 31 of each year that gives annual income and withholding information. (Income money received from wages and salaries, rent, interest, and profit) is?

• Form W - 2

• Form W - 4

• Employment Status Form

• Form-L occasion

A tax form filled out by an employee to indicate the amount that should be withheld from his/her paycheck for taxes

• Form W-1

• Form W-2

• Form W-3

• Form W-4

The W-4 form lets...

• the government know how much you paid in taxes last year

• your employer know how much to withhold from your paycheck

• the 3 major credit bureaus know how many dependents you have

• you know how much you paid in taxes last year

By claiming "exempt" on the W-4 form...

• You are paying all income taxes upfront at the START of the year.

• You are requesting an extension to file your taxes

• You will NOT have income taxes withheld from your paycheck.

• You are paying all income taxes at the END of the calendar year.