Introductory Physics II
Introductory Physics II PHY 232C
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This 1 page Class Notes was uploaded by Quinn Larkin on Saturday September 19, 2015. The Class Notes belongs to PHY 232C at Michigan State University taught by Staff in Fall. Since its upload, it has received 25 views. For similar materials see /class/207642/phy-232c-michigan-state-university in Physics 2 at Michigan State University.
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Date Created: 09/19/15
Form W4 2015 The exceptions do not apply to supplemental wages greater than 1000000 Purpose Complete Form W74 so that your employer can Withhold the correct federal Income tax from your pay Consider completing a new orm 4 each year and when your Exemption from withholding If you are exempt complete only lines 12 3 4 and 7 and sign the form to validate it Your exemption for 2015 expires February 16 2016 See Pub 505 Tax Withholding and Estimate Note If another person can claim you as a dependent on his or her tax return you cannot claim exemption from withholding ifyour income exceeds 1050 and includes mor han 350 of unearned income for example interest and divi en s ceptions An emplo ee may be able to claim exemption from Withholding even if the employee is a dependent ifthe employee 0 Is age 65 or older 0 Is blind or 0 Will claim adjustments to income tax credits or itemized deductions on his or her tax return Persona personal or financial situation changes If ou are not exempt complete the Personal Allowances Worksheet below The Withholding allowances based on itemized credits adjustments to income or twoeearnersmultiple jobs situations Complete all Worksheets that apply However you may claim fewer or zero allowances For regular may not be a at amount or percentage o wages Head of household Generally you can claim head of household ling status on your tax return only if Worksheet below See Pu 0 or information on converting your other credits into Withholding allowances Nonwage income If you have a large amount of may owe additional tax lfyou have pension or annuity income see Pub 505 to find out if you should adjust your Withholding on Form W74 or W74P earners or multiple jobs If you have a Workin spouse or more than one job fi ure the total number of allowances you are entitled to claim on all jobs using Worksheets from only one Form W74 Your Withholding usually Will be most accurate 74 for the highest paying job and zero allowances are cl imed on the others See Pub 505 for details resident alien If you are a nonresident alien see Notice 1392 Supplemental Form W74 Instructions for Nonresident Aliens before completing this form Check your withholding After your Form W74 takes effect use Pub 505 to see how the amo r having Withheld com ares to your projected total tax for 2015 See Pub 505 especially if your earnings exceed 130000 Single or180000 Married Future developments Information about an future developments affecting Form W74 such as legislation enacted after we release it Will be posted at wwwlrsgOIW4 A Enter 1 for yourself if no one else can claim you as a dependent 0 You are single and have only one job or B Enter 1 if 0 You are married have only one job and your spouse does not work or Worksheet Keep for your records A 0 Your wages from a second job or your spouse s wages or the total of both are 1500 or less C Enter 1 for your spouse But you may choose to enter 0 if you are married and have either a working spouse or more than one job Entering 0 may help you avoid having too little tax withheld D Enter number of dependents other than your spouse or yourself you will claim on your tax return Enter 1 if you will file as head of household on your tax return see conditions under Head of household above F Enter 1 if you have at least 2000 of child or dependent care expenses for which you plan to claim a credit rn nmUO Note Do not include child support payments See Pub 503 Child and Dependent Care Expenses for details G Child Tax Credit including additional child tax credit See Pub 972 Child Tax Credit for more information o If your total income will be less than 65000 100000 if married enter 2 for each eligible child then less 1 if you have two to four eligible children or less 2 if you have five or more eligible children 0 If your total income will be between 65000 and 84000 100000 and 119000 if married enter 1 quot for each eligible child G H Add lines A through G and enter total here Note This may be different from the number of exemptions you claim on your tax return gt H 0 If you plan to itemize or claim adjustments to income and want to reduce your withholding see the Deductions For accuracy complete all worksheets that apply earnings fro m all 39obs and Adjustments Worksheet on page 2 0 If you are single and have more than on e job or are married and you and your spouse both work and the combined exceed 50000 20000 if married see the TwoEarnersMultiple Jobs Worksheet on page 2 to avoid having too little tax withheld 0 If neither of the above situations applies stop here and enter the number from line H on line 5 of Form W4 below 77777777777777777777777777 W Separate here and give Form W4 to your employer Keep the top part for your records mWWweemmmmmmm Form W394 Department of the Treasury Internal Revenue Service Your first name and middle initial Employee39s Withholding Allowance Certificate F Whether you are entitled to claim a certain number of allowances or exemption from withholding is 2 1 subject to review by the S OMB No 154570074 IRS Your employer may be required to send a copy of this form to the R Last name 2 Your quot u u Home address number and street or rural route 3 D Single D Married D Married but Withhold at higher Single rate Note If married but legally separated or spouse is a nonresident alien check the Single box City or town state and ZIP code 4 If your last name differs from that shown on your social security card check here You must call 18007721213 for a replacement card F D 5 Total number of allowances you are claiming from line H above or from the applicable worksheet on page 2 5 Additional amount if any you want withheld from each paycheck I claim exemption from withholding for 2015 and I certify that I meet both 0 0 Last year I had a right to a refund of all federal income tax withheld because I had no tax liability and o This year I expect a refund of all federal income tax withheld because I expect to have no tax liability If you meet both conditions write Exempt here s10 fthe following conditions for exemption e Under penalties of perjury I declare that l have examined this certificate Employee s signature This form is not valid unless you sign it gt and to the best of my knowledge and belief it is true correct and complete Date gt 8 Employer s name and address Employer Complete lines 8 and 10 only if sending to the IRS 9 Office code optional 10 Employer identification number EIN For Privacy Act and Paperwork Reduction Act Notice see page 2 Cat No 10220Q Form W4 2015
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