The fact that an employee is having taxes withheld from their paycheck does not guarantee that...

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The fact that an employee is having taxes withheld from their paycheck does not guarantee that their tax liability will be covered. What factor could cause an employee to have a withholding shortfall at the end of the year? O The taxpayer neglected to include student loan interest that would be paid during the year when completing Form W-4. O The taxpayer included too few allowances on their 2021 Form W-4. O The taxpayer filed their income tax return after the deadline O Additional income was earned from self-employment. The fact that an employee is having taxes withheld from their paycheck does not guarantee that their tax liability will be covered. What factor could cause an employee to have a withholding shortfall at the end of the year? O The taxpayer neglected to include student loan interest that would be paid during the year when completing Form W-4. O The taxpayer included too few allowances on their 2021 Form W-4. O The taxpayer filed their income tax return after the deadline O Additional income was earned from self-employment.

Answer rating: 100% (QA)

ANS OPTION D IS CORRECT EXPLANATION For the year you are fili... View the full answer