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Part I Theory: Using a minimum of a paragraph on each item, thoroughly answer the following: Explain the purpose and use of Form W-4. Explain

Part I Theory:

Using a minimum of a paragraph on each item, thoroughly answer the following:

Explain the purpose and use of Form W-4.

Explain the purpose and use of Form W-2.

Identify major types of information returns.

Discuss the impact of state and local income taxes on the payroll accounting process. (List 5)

How do state and local income taxes affect your place of work or prospective career?

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