Your wife selecting Single or Married Filing Separately is a higher withholding rate for her income. However, the total income is the basis for the final tax bracket at the end of the year. Particularly if her wages are substantially lower, the selected status may not require an amount withheld that correlates with your total income. For the best outcome, I suggest using the W-4 calculator : https://turbotax.intuit.com/tax-tools/calculators/w4/
The above tool can provide a more accurate scenario of the required taxes based on the total income. There is also the option on Form W-4 to have an additional amount withheld on the Form W-4 (Line 4C) that can be adjusted to meet your needs.
Thank you for joining us today and have a great rest of your day!
SMcKnight, EA
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