Arch gives you an amended Form W-4 dated March 15, 2006, on which he claims two additional

Question:

Arch gives you an amended Form W-4 dated March 15, 2006, on which he claims two additional withholding allowances. He asks you to refund the excess taxes that were deducted from January 1 to March 15 when Arch claimed only one withholding allowance. You should:
a. Repay the over with held taxes on Arch's next payday.
b. Tell Arch that you will spread out a refund of the over with held taxes equally over the next six pays.
c. Inform Arch that you are unable to repay the over with held taxes that were withheld before March 15 and that the adjustment will have to be made when he files his annual income tax return.
d. Tell Arch to write the IRS immediately and ask for a refund of the over with held taxes.
e. Inform Arch that you will appoint a committee to study his request.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Income Tax Fundamentals 2015

ISBN: 9781305177772

33rd Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill

Question Posted: