When starting a new job in the U.S., what is the main purpose of filling out a W-4 form?

A) To report your annual income to the IRS.

B) To claim specific tax deductions for the current year.

C) To inform your employer how much federal income tax to withhold from your paycheck.

D) To apply for a refund of overpaid taxes from the previous year.

Explanation

The W-4 form tells your employer how much federal income tax to withhold from your paycheck based on your filing status, dependents, and other adjustments. This helps ensure you pay roughly the correct amount of tax throughout the year.

Practice More General Knowledge Questions