federal income tax question

Mark for follow up Question 3 of 12 Which statement is TRUE regarding the redesigned 2020 Form W.4, Employee's Withholding Certificate? The Tax Cuts and Jobs Act of 2017 eliminated personal and dependency exemptions. As a result, the 2020 Form W4 does not refer to withholding allowances. The Tax Cuts and Jobs Act of 2017 eliminated personal and dependency exemptions. As a result, a standard deduction amount is multiplied by the number of individuals (taxpayer, spouse, and any dependents) claimed on an income tax return On the 2020 Form W-4, a means of indicating the taxpayer is exempt from withholding is recorded in Step 1. Enter Personal Information The amount of tax a taxpayer expects to owe for the year after subtracting expected amounts withheld and certain refundable credits, is reported on the 2020 Form W-4, Step 4c, Extra Withholding Mark for follow up Back Save / Return Later Summary Next >>