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Level 2

Question

2c(2 jobs)

Forum|Forum|2 years ago
May 29, 2024
1 reply
30 views

With examples: What does if pay at the lower paying job is more than half of the pay at the higher paying job mean? Give pay examples of what it means and does not mean

Ask the Experts - W-4 II - May 2024

Level 5

This means that the income from the lowest-paying job is more than 50% that of the highest-paying. The IRS indicates that checking box c will result in a more accurate withholding if the lowest household income is more than half the highest salary.

For example:

you are a single filer with two jobs with taxable annual incomes of $82,000 and $21,000 on your previous year's W2s. Using the page 4 chart that corresponds with your filing status, you would enter $5,040 on line 1 of the worksheet.

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