help please

1. Provide the number of allowances and amount of federal withholding you claimed at the beginning of the activity. Explain why you claimed this number of allowances.

2
$4,182.88
2. Explain how you would determine if you owed the federal government money or if you would receive a refund.
3. Explain how you would calculate the amount of your payment to the government or the amount of your refund. Provide the solution.

Question

help please


1. Provide the number of allowances and amount of federal withholding you claimed at the beginning of the activity. Explain why you claimed this number of allowances.

2
$4,182.88
2. Explain how you would determine if you owed the federal government money or if you would receive a refund.
3. Explain how you would calculate the amount of your payment to the government or the amount of your refund. Provide the solution.

megamilk · Answer

4. Change the number of personal allowances that you made at the beginning of this activity. Provide the following information to your instructor:
your new federal withholding
the new amount of your refund from the government or balance owed to the government
an explanation on why changing your personal allowances will increase or decrease the amount of taxes you must pay or the amount of a refund you will receive.
5. After calculating the amount of money you must pay to the government or receive as a refund, would you reconsider how many personal allowances you claimed on the W-4? Why or why not?