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Mathematics 17 Online
OpenStudy (anonymous):

PLEASE PLEASE PLEASE SOMEONE HELP ME!? Part 1: Describe, using complete sentences, the purpose of the following three tax forms: W-4, W-2, and 1040. Part 2: How is each form used to determine your tax liability for the year?

OpenStudy (anonymous):

im sure if you google it it will be avaible there

OpenStudy (anonymous):

I already tried ;(

OpenStudy (anonymous):

w-4 is used to determine how much should be taken from your salary/payments for taxes That's all I know

OpenStudy (anonymous):

@jim_thompson5910 @ganeshie8 @.Sam.

OpenStudy (anonymous):

@zepdrix

jimthompson5910 (jim_thompson5910):

from this page http://www.irs.gov/pub/irs-pdf/fw4.pdf "Purpose. Complete Form W-4 so that your employer can withhold the correct federal income tax from your pay. Consider completing a new Form W-4 each year and when your personal or financial situation changes."

jimthompson5910 (jim_thompson5910):

here's a page that compares a W2 and a W4 http://answers.yahoo.com/question/index?qid=20070806201922AAtFG2J

OpenStudy (anonymous):

thank you do much! do you know the second part? I don't get what its saying

jimthompson5910 (jim_thompson5910):

I think it's just asking how to fill out each individual form and who does the filing I think with a W2, the employer files it and sends it to you, then you use that W2 to fill out either a W4 or a 1040

OpenStudy (anonymous):

thank you so much for helping me! ill figure it out lol

jimthompson5910 (jim_thompson5910):

ok great, you're welcome

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