Question
If you look closely at the Federal withholding guides, there are two possibilities: a W4 from 2019 or before and a W4 from 2020 and
If you look closely at the Federal withholding guides, there are two possibilities: a W4 from 2019 or before and a W4 from 2020 and later. Assume that you have an employee, Gordon Bennett, who is Married Filing Jointly, with 1 dependent under 17 and 1 other dependent, who earned $2500 this biweekly pay period. His wife also earns $1000 per weekly pay period. Assume no pre-tax deductions and box 2 is NOT checked. How much would be withheld from him under each circumstance? Is it the same or close, or is there a discrepancy? Why? Refer to Pub 15T if necessary. Would the result be different if box 2 WERE checked? Show calculations.
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