Question

When filling out a w-4 form, in what situation would a teen want to claim exemption from federal income taxes being withheld from their paycheck? what is the benefit of doing so?.

Answer 1

Teens may claim exemption from federal income taxes being withheld from their paycheck to have more money in their bank account. However, they may still be required to file a tax return and pay any taxes owed at the end of the year.

Step-by-step explanation:

Teens may want to claim exemption from federal income taxes being withheld from their paycheck if they meet certain criteria. The benefit of doing so is that it allows teens to have more money in their bank account, as their paycheck will not have any federal income taxes deducted from it. However, it is important for teens to understand that they may still be required to file a tax return and pay any taxes owed at the end of the year, depending on their overall income.