17 Jul Federal Income Tax
Form W-4. (Obj. 6) Married taxpayers, Ethel P. (SSN 448-47-4747) and Irving J. Mead, file a joint return. They reside at 1001 West Wind Plaza, Fox Lake, Wisconsin 53933-4611. Both are 42 years of age. They have one dependent child, Jean, age 14.
On November 15, 2014, the Meads became aware that their income tax for 2014 will be underpaid. Ethel decides to file a new Form W-4, Employee’s Withholding Allowance Certificate, to change the number of withholding allowances to ensure more appropriate withholding in the future. Ethel will not claim an allowance for Irving but will claim Jean. The Meads’ estimated income and deductions is as follows
Complete the 2014 Form W-4 that Ethel files with her employer, Axel Maintenance Company. Ethel signs and dates the form on November 18, 2014. Also prepare the necessary Form W-4 worksheets to determine the total number of withholding allowances. Use the form and worksheet provided on the pages that follow.
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