W-4 Questions

What is Maxwell’s filing status?

• Single

• Married filing jointly

• Head of household

• Dependent

Based on the information provided on this W-4 form, which statement can you assume is TRUE?

• Maxwell and his spouse are planning to itemize their deductions this year

• Maxwell and his spouse both work, or Maxwell himself has two jobs

• Maxwell and his spouse both work at Big City Office Furniture

• Maxwell and his spouse are the owners of Big City Office Furniture

3. In order to fill out this W-4 form, Maxwell needed to know all of this information EXCEPT…

• His Social Security number

• His address

• The amount of taxes he’s paid in the last five years

• The number of dependents he plans to claim on his tax return

Assume that Maxwell and his spouse anticipate earning around $110,000 in combined income this year. Given how he’s completed this W-4 form, how many children under the age of 17 does Maxwell have?

Given how he’s completed this W-4 form, how many other dependents does Maxwell have?

• 0

• 1

• 2

• 3

If Maxwell and his spouse were to have another child, but all other aspects of their life stayed the same, which entries on a new W-4 form would he need to change?

• No need to change the form

• Step 2

• Step 3

• Step 4

In June, Maxwell’s father comes to live in their home and can count as Maxwell’s dependent. What steps does Maxwell need to take next?

• There are no steps Maxwell needs to take

• Submit a new W-4, claiming $500 more in Box 3

• Submit a new W-4, claiming $2000 more in Box 3

• Verbally tell the HR department at Big City Office Furniture

How much EXTRA money is Maxwell having held from each paycheck?

• $0

• $10

• $50

• Cannot tell from this form

A W-4 form is given to you by your employer to complete for that specific job. Which statement below is TRUE?

• Maxwell started working at this job during the 2021 tax year

• Maxwell submitted the W-4 a few days after he started

• Maxwell lives and works in the same city

• Maxwell completed this W-4 for his job at Big City Office Furniture

When Maxwell completes this W-4, who should he submit it to?

• Big City Office Furniture

• The IRS

• No one - he keeps it for his records

• His spouse