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W-4 Questions (Tax Law)

Fri, 11 Jan 2008 11:36:00 GMT

What is the name of your state?
New York
Hello, my name is mina. I work for a company and I do all the payroll and help new employees with their application. I don't have much experience with the W-4 form that they fill out. But I try helping them by reading and asking them the questions on the w-4 form.
Now my questions are:
On line E. are they suppose to enter 1 if they pay more than 50% of the house rent, or mortgage? does it matter if they are married or single?
On Line F. What do they mean by dependent care expenses? If I am claiming my wife does her expenses count as dependent expenses.
On Line G.if the total income is less than $58,000 and I have 3 child's I am claiming do I put 6 on line G? Since it says enter 2 for each eligible child?
On Line H. It says add A through G.
After I add them. Will this be the number of allowances the employee will have?
I put the new employees information into the system. We use quick books. It asked for number of allowances. Should I put the number on line H?
Sometimes college students come to fill up application and they ask me. If they should be exempt from taxes since they are students. And I don't know what to tell them.
Should they be exempt from taxes? If they are what do I put on the W-4 and how many allowances should I put in quick books. Or what do I do in quick books?

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  • Fri, 11 Jan 2008 12:11:00 GMT(1)
  • Quote:

    Originally Posted by minalegend

    What is the name of your state?
    New York
    Hello, my name is mina. I work for a company and I do all the payroll and help new employees with their application. I don't have much experience with the W-4 form that they fill out. But I try helping them by reading and asking them the questions on the w-4 form.
    Now my questions are:
    On line E. are they suppose to enter 1 if they pay more than 5 % of the house rent, or mortgage? does it matter if they are married or single?
    On Line F. What do they mean by dependent care expenses? If I am claiming my wife does her expenses count as dependent expenses.
    On Line G.if the total income is less than $58, and I have 3 child's I am claiming do I put 6 on line G? Since it says enter 2 for each eligible child?
    On Line H. It says add A through G.
    After I add them. Will this be the number of allowances the employee will have?
    I put the new employees information into the system. We use quick books. It asked for number of allowances. Should I put the number on line H?
    Sometimes college students come to fill up application and they ask me. If they should be exempt from taxes since they are students. And I don't know what to tell them.
    Should they be exempt from taxes? If they are what do I put on the W-4 and how many allowances should I put in quick books. Or what do I do in quick books?

    You actually enter in the amount in quickbooks that is in the boxes down below the worksheet area. The worksheet is OPTIONAL. I prefer to use the IRS withholding calculator because it helps take into account if an employee is married, etc.
    http://www.irs.gov/individuals/article/ ,,id=96196, .html
    Students are NOT exempted from taxes for the sake of being a student. If a person KNOWS that they won't earn more than their standard deduction (whole other topic), then yes, they could be exempt. Otherwise, look above for withholding calculator
    And personally, it sounds like you might be better off taking a class on quickbooks from the sounds of it. There is way too much to cover in a FREE forum.
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