Question

on august 5, 20--, hunt filed an amended form w-4 to show a change in his filing status. hunt's employer must put the change into effect before the next weekly payday on august 9. true or false

Answer 1

The statement is true as employers are required to apply changes from an amended Form W-4 by the next payroll period.

Step-by-step explanation:

True, when an employee such as Hunt files an amended Form W-4, which is used to indicate his tax situation to the employer, the employer is legally required to implement the changes in the W-4 by the next payroll period. Since Hunt filed this on August 5th and the next weekly payday is August 9th, the employer must update Hunt's payroll information to reflect his new filing status by that date.

This ensures that the correct amount of tax is withheld from his paycheck. It's important for employees to remember that the amount withheld affects the annual tax-return and the potential for either owing additional taxes at year's end or receiving a refund.