Christopher and Shantel are married and plan to file a joint return. Christopher and Shantel both work
Question:
Christopher and Shantel are married and plan to file a joint return. Christopher and Shantel both work full-time. Christopher's salary is significantly higher than Shantel's. Which of the following is the best advice regarding their Forms W-4?
• Both Christopher and Shantel should claim exemption from withholding on their 2022 Forms W-4. They may then make estimated tax payments during the year to ensure that their tax bill is covered.
• Christopher and Shantel should each fill out a 2022 Form W-4, Step 2(b), Multiple Jobs Worksheet, taking into consideration only their own salaries.
• Christopher should complete Step 1, Enter Personal Information, and Step 5, Sign Here, on his 2022 Form W-4. Shantel should complete Steps 1 and 2(b), Multiple Jobs Worksheet, using both her and Christopher's information.
• Shantel should only complete Step 1, Enter Personal Information, and Step 5, Sign Here, on her 2022 Form W-4. Christopher should complete Step 1 and Step 2(b), Multiple Jobs Worksheet, and Step 5, using both his and Shantel's information.
South Western Federal Taxation Individual Income Taxes 2017
ISBN: 9781305873988
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen