Asked by Sukhwinder Singh on Apr 29, 2024
Verified
An employee would need to fill out a new withholding allowance certificate if he or she:
A) was promoted
B) got a raise
C) switched from part-time to full-time,or vice versa
D) got married or divorced
Withholding Allowance Certificate
A tax document that an employee completes to indicate the amount of income tax to be withheld from their paycheck.
Part-Time
Employment with fewer hours per week than a full-time job, offering flexibility and often used to balance work with other commitments.
Full-Time
Employment status where an individual works a minimum number of hours defined by their employer, typically to receive full employment benefits.
- Understand the importance and specifics of maintaining and updating employee records, including withholding allowance certificates.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
D
Explanation :
Changes in marital status, such as getting married or divorced, directly affect tax withholding rates, necessitating a new withholding allowance certificate. Promotions, raises, or changes in work hours do not inherently require a new form unless the individual wishes to adjust their withholdings due to changes in income.
Learning Objectives
- Understand the importance and specifics of maintaining and updating employee records, including withholding allowance certificates.