Ron is 22 and claimed 0 withholdings on his W-4 when he started his job. What does this mean?
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Business, 26.02.2020 22:05 jagslovegirl
Ron is 22 and claimed 0 withholdings on his W-4 when he started his job. What does this mean?
It means that he paid nothing in taxes and will owe money when he files his tax return.
It means that he opted to have $0 withheld to go to taxes, his retirement, or healthcare.
It means that he had the MOST amount in taxes withdrawn from his paycheck and he will likely get a refund.
It means that he had the LEAST amount in taxes withdrawn from his paycheck and he will likely owe money.
Answers: 1
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