LESSON ONE: FORMS
A) Form W4 should be completed so that your employer can withhold the correct federal income tax from your pay. An additional resource that can be of assistance when filling out the W4 is the IRS withholding calculator found here.
B) Form G4 (similar to Form W4) should be completed so that employer can withhold the correct state income tax from pay.
C) Form I9 is to document that each new employee (both citizen and non citizen) hired after November 6, 1986 is authorized to work in the United States.
D) Form W2 includes all amounts of income, social security, Medicare or income tax that were withheld if employee had claimed withholding allowance(s) or had not claimed exemption from withholding on Form W4.
E) Form 1040 is used to calculate federal income tax where rules apply to all U.S. citizens, regardless of where they live, and resident aliens.
F) Form GA500 is used to calculate state income tax where rules apply to all U.S. citizens and resident aliens, based on information on federal income tax Form 1040.
B) Form G4 (similar to Form W4) should be completed so that employer can withhold the correct state income tax from pay.
C) Form I9 is to document that each new employee (both citizen and non citizen) hired after November 6, 1986 is authorized to work in the United States.
D) Form W2 includes all amounts of income, social security, Medicare or income tax that were withheld if employee had claimed withholding allowance(s) or had not claimed exemption from withholding on Form W4.
E) Form 1040 is used to calculate federal income tax where rules apply to all U.S. citizens, regardless of where they live, and resident aliens.
F) Form GA500 is used to calculate state income tax where rules apply to all U.S. citizens and resident aliens, based on information on federal income tax Form 1040.