Web Application Chapter 5 page 200

Tax situations change. For this reason, refiguring your withholdings each year is a good idea. The IRS Web site has made this easy for you. Starting at www.irstreas.com, scroll down to Tax Info For You (or go to www.irs.ustreas.gov/prod/ind_info/index.html), click on W-4 Calculator, and follow the instructions.

1. Complete the Personal Allowances Worksheet.

2. Determine whether you are exempt from withholding.

3. Print your work and explain your findings.

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