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If one believes that misrepresenting the truth is unethical, then strictly speaking, the answer is yes. The Federal government, in cooperation with your employer, utilizes the W-4 to determine how much to withhold from your paycheck against a future tax liability (the annual Income Tax). The smaller the number of exemptions on the W-4, the more they take out. They do not really care if you are single or married on the W-4 or how many exemptions you take (up to nine) as long as you pay your taxes. Some financial coaches suggest bumping the number of exemptions UP during the year. This gives you a higher net pay throughout the year that you can spend as you see fit. Of course, this means a lower refund. See: Time Value of Money. A less strict answer then, would be no; it is not unethical. If one believes that misrepresenting the truth is unethical, then strictly speaking, the answer is yes. The Federal government, in cooperation with your employer, utilizes the W-4 to determine how much to withhold from your paycheck against a future tax liability (the annual Income Tax). The smaller the numer of exemptions on the W-4, the more they take out. They do not really care if you are single or married on the W-4 or how many exemptions you take (up to nine) as long as you pay your taxes. Some financial coaches suggest bumping the number of exemptions UP during the year. This gives you a higher net pay throughout the year that you can spend as you see fit. Of course, this means a lower refund. See: Time Value of Money. A less strict answer then, would be no; it is not unethical.
Wiki User
∙ 7y ago
Wiki User
∙ 13y agoNO it is NOT illegal to do this and some time in some cases it is a smart thing to do.
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Do you need to change your w4 filing status when you get married?
No, not really. If you change the status on your W4 from Single to Married, less will be withheld from your paychecks for federal income taxes. There is no requirement that you make that change.
How do you fill out your income tax form so that you get the most money taken out of your check and have the least money owed when you file your taxes?
If you work for an employer and receive a W2 at the end of the year, you need to adjust your W4 (that is the form you should have filed out before you were employed). You need to put that you are SINGLE where the choices are married or single. The number of allowences you should report is 0. This will put you at the maximum withholding rate. You may also elect to have an extra amount of money withheld from your pay each pay period. This would be a set dollar amount (that you decide) also reported to your employer on a W4. There is a W4 pdf on the IRS website that will allow you to make the correct entries, and print the completed form. You will then need to turn that form into your empoyer so your payroll files can be adjusted accordingly.
How do I pay someone to do housework for me legally?
You will need to submit a I-9, a state and local W4, and a Federal W4.
Where do you mail the w4 form?
no where. it is for your records
Can a single parent request that their place of employment reduce the amount of tax deducted from their pay?
FILL OUT A NEW W4 AND ADD MORE DEPENDENTS.... IT IS LEGAL TRUST ME DRZEN
What is the next answer 1Z Y2 3X W4 5V?
The next character in the series, "1Z Y2 3X W4 5V" is "U6".
What is W squared times W squared?
isnt it like a quadrupled or a with indices 4
What is the tax rebate w4?
Non-existent.
What is the Canadian equivalent of a W4 form?
the T4
What is a Human Resources Administrator?
In short, an HR Administrator works more behind the scenes with paperwork than directly with employee performance. An HR Administrator will file documents, ensure the correct documents are in place, i.e. I9 forms, W4's, applications are on file, etc.
If w equals x2 what is equivalent to x8?
w4
I want to print my own w4 form from my computer?
I want to print out my own w2 from my computer
