Rhonda Harris works in a retail store and earns $46,000 a year. She also has a side
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Question:
Rhonda Harris works in a retail store and earns $46,000 a year. She also has a side gig from which she earns $12,000 a year. She decides to complete a new Form W-4 for 2020 to take into account her self-employment income. Which of the following statements is incorrect regarding the information on her 2020 Form W-4?
A. Generally, she will owe both income tax and self-employment tax
B. The 2020 Form W-4 is primarily intended to be used by employees
C. Rhonda is not required to have tax on non-wage income withheld from her paycheck, instead, she can pay estimated tax on this income using Form 1040-ES - Estimated Tax for Individuals
D. The redesigned 2020 Form W-4 computes self-employment tax
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