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#1
12-29-2003, 08:26 PM
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 Re: Zero exemptions married single rate enough withholding? apsutcliffe[at]hotmail.com (Al Paxton) wrote: - quote - > If a salaried full time employee with one employer and one
Another homework problem, eh? Pub 15 should be able to> W2, specifies 0 exemptions and married withhold at single > rate at start of a year, is there any circumstance where the > amount of tax withheld will not be sufficient to cover the > tax bill. > Does it make a difference if the income is $50k, $100k, > $200k, $300k, $400k? Does it make a difference if most of > the income is a bonus payment? > Assume all withholding of income, including bonuses, are set > by W4 not a flat rate. Assume itemized deductions are > similar in size to standard deductions, and AMT will not > apply. answer your queation. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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12-29-2003, 08:26 PM
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| Re: Zero exemptions married single rate enough withholding? Al Paxton <apsutcliffe[at]hotmail.com> wrote: - quote - > If a salaried full time employee with one employer and one
Sure, if you have enough income other than from your employer.> W2, specifies 0 exemptions and married withhold at single > rate at start of a year, is there any circumstance where the > amount of tax withheld will not be sufficient to cover the > tax bill. __ Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
12-29-2003, 12:17 AM
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| Zero exemptions married single rate enough withholding? If a salaried full time employee with one employer and one W2, specifies 0 exemptions and married withhold at single rate at start of a year, is there any circumstance where the amount of tax withheld will not be sufficient to cover the tax bill. Does it make a difference if the income is $50k, $100k, $200k, $300k, $400k? Does it make a difference if most of the income is a bonus payment? Assume all withholding of income, including bonuses, are set by W4 not a flat rate. Assume itemized deductions are similar in size to standard deductions, and AMT will not apply. Thanks for your information. Al. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| exemptions, married, rate, single, withholding |
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