Suppose you filed your taxes and received a small refund from the IRS. What would have been the impact on the refund amount if you had decreased the W-4 allowances for that tax year?

Answers

Answer 1
If you decrease the W-4 allowances for that tax year, more money would be withheld from your paycheck by your employer throughout the year. This would mean that your refund would be larger than the amount when your W-4 allowances were increased. However, this scenario would also cause your take-home pay to be smaller throughout the year. Know that the number of allowances you claim on your W-4 doesn't impact the tax rate you are subject to, only how your taxes are paid.
Answer 2

Decrease W-4 allowances will increase the tax refund.

Further Explanation:  

W-4 form:

The W-4 form is filed by the employee for the determination of the income tax liability. The employee withholds the tax liability of the employee and gives the remaining balance of the paycheck to the employee. The W-4 allowance is a benefit given by the employer to the employee. The W-4 allowance will decrease the withholding amount from the salary of the employee.

The decrease in W-4 allowances:

The decrease in the W-4 allowance will decrease the net pay of the employee because the decrease in W-4 allowance will increase the withhold money from the paycheck of the employee. The decrease in W-4 allowance will result in a higher withholding amount. The employer would withhold a higher amount of paycheck. In case of a tax refund, the taxpayer will receive a higher amount of tax refund because the employer has paid a higher amount of income tax on his behalf.

Thus, the decrease in W-4 allowances will increase the tax refund.

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Answer details:

Grade: Senior School

Subject: Taxation

Chapter: Income Tax

Keywords:  Suppose, filed, taxes, received, small, refund, IRS, impact, refund, amount, decreased, W-4, allowances, tax year.


Related Questions

Zoey is just learning to read. it takes a lot of work for her to read even one sentence because she needs to sound out every word. after a while zoey will be able to read without thinking about the words. she will then be able to concentrate on the concepts of the text. _____ allows zoey to become a more skilled reader.

Answers

Automatization allows Zoey to become a more skilled reader. It literally means that the ability to read and understand words becomes automatic and she does not have to think hard in order for the action to happen.

Answer:

Automatization allows Zoey to become a more skilled reader. It literally means that the ability to read and understand words becomes automatic and she does not have to think hard in order for the action to happen.

Explanation:

"the challenged law must be necessary to the fulfillment of a compelling government purpose." this is laid down for the:

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"the challenged law must be necessary to the fulfillment of a compelling government purpose." this is laid down for the full strict scrutiny.
Strict scrutiny is a type of legal or judicial review that courts use to decide the defendability of specific laws. The legislature must have passed the law to further a "compelling governmental interest," and must have narrowly tailored the law to accomplish that interest to pass this strict scrutiny.

What is the term for a voluntary home fire inspection requested by a homeowner?

Answers

The answer is home fire safety survey. Since the widely held fire deaths occur in the home. Citizens of the community can take advantage from a home fire safety review program. Home inspections offer a chance to review for fire safety questions in the home, offer actions to develop the safety of residents and surge fire safety and alertness outreach.

One of the possible homelands for the austronesians is theorized to be:

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Austronesians are ethnic groups that speak the Austronesian languages and live in Asia, Oceania and Africa.
One of the possible homelands for the Austronesians is theorized to be Taiwan. They are called Austronesian Taiwanese or Taiwanese aborigines or Formosan people



"The correct homeland for the Austronesians is Taiwan.

The Austronesian language family is one of the largest and most widely dispersed in the world, with member languages spoken in a vast area stretching from Madagascar to Easter Island and from Taiwan to New Zealand. The question of the Austronesian homeland has been a subject of considerable research and debate among linguists, archaeologists, and geneticists.

Linguistic evidence, particularly the comparative method applied to Austronesian languages, has pointed to Taiwan as the most likely origin point for the Austronesian expansion. The diversity of the Austronesian languages is greatest in Taiwan, which suggests that this is where the language family originated and diversified before its speakers began to disperse to other parts of the Pacific and Southeast Asia.

Archaeological findings have also supported the theory that Taiwan was the Austronesian homeland. Pottery styles, agricultural practices, and other cultural artifacts found in Taiwan have been linked to those found in later Austronesian settlements in the Philippines, Indonesia, and beyond.

Genetic studies have provided further evidence for the Taiwan homeland theory. Genetic markers common among Austronesian-speaking populations show a closer relationship to populations in Taiwan than to those in neighboring regions of mainland China or Southeast Asia.

Taken together, the linguistic, archaeological, and genetic evidence strongly suggests that Taiwan is the most likely candidate for the Austronesian homeland. From there, Austronesian-speaking peoples embarked on a series of migrations that would eventually populate the islands of the Pacific and Indian Oceans."

In figuring out all the ways that you can come up with the money you need to buy the used car you saw advertised in the newspaper, you are working ____________.

Answers

You are working in the production stage of problem-solving if you are figuring out all the ways that you can do and make just to come up with the money you need to buy the used car you saw advertised in the newspaper.



Final answer:

In the context of the question, when figuring out ways to afford a used car, the student is engaging in financial planning and budgeting. This involves assessing various sources of income and creating a budget to manage expenses. It is reflective of the importance of treating all funds with consideration and planning financial decisions wisely.

Explanation:

When figuring out all the ways that you can come up with the money you need to buy the used car you saw advertised in the newspaper, you are engaging in financial planning and budgeting. This process might include considering various sources of income, such as money you have saved on your dresser, funds found unexpectedly, or earnings from a job. It is essential to assess the value of each source of money and make decisions that maximize the utility of your resources. For example, even if you find $25 in the street, it is important to treat it with the same consideration as $25 earned from hard work, despite the tendency to treat easily acquired money with less care.

Creating a budget is crucial in managing your finances effectively to ensure that you have enough money to cover expenses such as the purchase of a used car. This could mean allocating a certain amount each month from your income towards savings for the car, or reconsidering your spending habits on items like magazines and pies to free up additional funds.

The ability of a government to exert control over a person or corporation is called _____.

Answers

It is called a jurisdiction.

The stock market is experiencing a bear market. Trading volume has been high for weeks. Even the most stable stocks are feeling the effects. Bellwether Company's stock price was relatively stable for decades, but it as declined recently. is the price of bellwether companies stock likely to rise or fall? please explain

Answers

I had to look up the term "bear market" because I was unaware of what it meant.

Bear Market = a market where prices are falling. This type of market encourages selling.


Answer: I think that because it stated in the problem stable companies were still affected, that means that Bellwether Company will be affected by the bear market falling prices. Therefore, I hypothesize that because the stock market it experiencing a bear market Bellwether's prices will continue to fall.

Did that make sense?

The correct assumptions will be that the stock price of Bellwether Company will continue to fall a bit before rising up again after the bear run in the market is over.

There was a stability in the stock prices of Bellwether Company before the bear run started in the market, refers that the stock prices were giving returns similar to market.

Stock market

There are two phases in the stock market, namely, bull run and bear run. In bull run phase, the stock prices tend to go up due to buying pressure in the market.

Under the bear run, there is a selling pressure in the market due to fewer volumes of buyers. The stock prices decline during such phase.

It is to be noted that a change in the run happens gradually and not instantly, which says that the share prices will go a further down before moving up again.

Hence, we can say that the share prices of Bellwether Co. will increase after a slight decrease in the stock market phase of bear run before moving into bull run.

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List any additional information which will help in determining your professional qualifications for a position.

Answers

Understanding the tasks required of the position is a necessity, as are any certifications that the job may need. In addition, listing references who have experience in the same or related fields can give an employer additional information that could bolster one's value in their eyes.

Final answer:

Provide guidance on highlighting qualifications and past achievements in detail to showcase capabilities for a job position.

Explanation:

Certainly, here are some points that can help in determining my professional qualifications for a position:

Project Portfolio: A concise summary of key projects I've successfully completed, highlighting the outcomes achieved and my role in each project.

Technical Proficiency: A list of specific tools, software, programming languages, or technical skills I possess, relevant to the position.

Leadership Experience: Examples of leadership roles I've held, such as team leader, project manager, or mentor, demonstrating my ability to lead and motivate others.

Industry Knowledge: An overview of my understanding of industry trends, regulations, and best practices, showcasing my ability to adapt and contribute effectively.

Problem-Solving Abilities: Brief anecdotes or examples illustrating my approach to solving complex problems or overcoming challenges in previous roles, highlighting my analytical and critical thinking skills.

When making a presentation that includes a large detailed table, which print method should you use?

Answers

full page slide is your answer :)

Brandon steals Frank’s watch. Brandon is caught by the police. What kind of court will this matter be tried in? a. Civil court b. Criminal court c. Appellate court d. Kangaroo court

Answers

Brandon steals frank's watch. Brandon is caught by the police. what kind of court will this matter be tried in ?


Answer: B. Criminal Court

       Good luck and have a nice Benevolentpuppy day!

Brandon steals Frank’s watch. Brandon is caught by the police. Criminal court will this matter be tried in. Thus, option (b) is correct.

What is court?

The term court refers to the hiring of the cases of the criminal, civil, and financial scandal matter in the justice of the victim and the punishment of the criminal. The court was the solved the dispute. There are the different types of the court are the district court, supreme court and the higher court.

The term crime refers to the illegal activity. The crime is not allowed to the country, if any person is committing the crime are going the Criminal court. The legal punishable by the state in case of crime. The punishment is set according to the different crime. For example, a Brandon steals Frank’s watch are the police case on the criminal court was the provided the justice.

As a result, the Brandon steals Frank’s watch. Brandon is caught by the police. Criminal court will this matter be tried in. Therefore, option (b) is correct.

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Professional golfers must earn a right to compete on the pga tour annually. how do professional golfers qualify for the pga tour?

Answers

Professional golfers qualify for the annual PGA tour based on the their prior year performance on the PGA tour. Winning a PGA tournament will exempt a player for two years, with each additional year of winning adding one extra year. Winning a major exempt a professional for five years while winning the tour championship exempt a player for three years.

how does the concept of a balanced budget apply to state government?

A: Only the capital budget must be balanced
B: Only the operating budget must be balanced.
C: Both the operating budget and the capital budget must be balanced.
D: Neither the operating budget nor the capital budget must be balanced.

Answers

Answer: only the operating budget must be balanced.

Answer:

only the operating budget must be balanced.

Should the united states drill for oil in alaska's wilderness dbq answers

Answers

Final answer:

The debate over oil drilling in Alaska involves environmental, cultural, and economic factors, with different indigenous groups holding contrasting views. Energy development policies could include financial incentives and regulatory modifications.

Explanation:

The debate over whether the United States should drill for oil in Alaska's wilderness encompasses a complex interplay of environmental conservation, energy independence, the rights of indigenous peoples, and economic considerations. In the 1970s, the discovery of vast oil reserves led to the construction of the Alaska Pipeline with numerous safeguards for the environment. Yet controversies persist, especially concerning the Arctic National Wildlife Refuge where indigenous groups like the Gwich'in fear the loss of their cultural heritage due to potential drilling, while others, such as the Inupiat Eskimo, could economically benefit from it.

Oil drilling in the NPRA and potential exploration in the Arctic Refuge highlight the ongoing energy versus environment debate. As for encouraging energy development, the government could implement policies like tax incentives, streamlined regulatory processes, and direct subsidies to promote drilling and pipeline construction.

High-level appellate courts are also referred to as _____.

Answers

High-level appellate courts are also referred to court of last resort. It is refers to a court of final appeal in a jurisdiction. The court of last resort is a legal term that can be simplified as the court of the highest authority. The most common term that you can always equate to this is supreme court.

According to expectancy theory, the three primary elements that determine how willing an employee is to work hard at tasks important to an organization are

Answers

The three primary elements are INSTRUMENTALITY, VALENCE AND EXPECTANCY.
The expectancy theory of motivation states that, an individual is will behave in a certain manner as a result of the way in which he has been conditioned to select a specific behavior over other forms of behavior. This implies that workers are usually motivated by the reward they get for the work they performed.

Walmart has a lot of power and exerts strong influence on the suppliers they buy from. this channel power is an example of​ a(n) __________ vertical marketing system​ (vms).\

Answers

Answer: Administered Explanation: Of the three types of vertical marketing system; Corporate, Contractual and administered, the type used of by Walmart is due to its sheer size and they dictate the terms and conditions to the companies in an informal manner.

which section of the economy makes up the majority of spending on goods and services

Answers

The correct option is CONSUMERS.
The consumers make up the majority of spending on goods and services; consumer spending drives almost 70% of any economy. In any economy, most of the product and services that are produced are produced for consumers' consumption.

Vending machines display the food they sell because many people are sensitive to

Answers

Vending machine displays the food that they sell because many people are sensitive to external eating cues. The external eating cues is a factor in which affects the individual’s response to the food with its composition such as the smell or the sight of it.

Peavey enterprises purchased a depreciable asset for $28,500 on april 1, year 1. the asset will be depreciated using the straight-line method over its four-year useful life. assuming the asset's salvage value is $3,300, what will be the amount of accumulated depreciation on this asset on december 31, year 3? $6,300 $25,200 $5,250 $21,000 $17,325

Answers

Final answer:

To calculate the accumulated depreciation on the asset, subtract the salvage value from the purchase cost to find the depreciable cost which will be $18,900.

Explanation:

To calculate the accumulated depreciation on the asset, we need to determine the annual depreciation expense and then calculate the total depreciation over the three-year period.

First, we need to find the depreciable cost of the asset, which is the purchase cost minus the salvage value. In this case, it would be -

= $28,500 - $3,300

= $25,200.

Next, we divide the depreciable cost by the useful life of the asset to find the annual depreciation expense:

= $25,200 / 4

= $6,300.

Finally, we multiply the annual depreciation expense by the number of years (3 years in this case) to get the accumulated depreciation: $6,300 * 3 = $18,900.

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Firms using a _____ try to appeal to everyone and assume that all buyers have similar needs and wants.

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Firms using a total market approach try to appeal to everyone and assume that all buyers have similar needs and wants.
When the firms divide the total market into groups of people this is known as market segmentation.There are also other types of approaches that firms uses are concentration approach, multi segment approach etc.

Dewey just won a million-dollar lottery jackpot. one year from now, he is likely to be:

Answers

I would say that one year from now he is likely to be destitute of the one million because he will most likely give a lot of it to family and friends and also pay off debts which most likely will leave very little disposable cash for him/herself.
Final answer:

One year after winning a million-dollar jackpot, Dewey could be experiencing an elevated standard of living, but the exact outcome would depend on his financial management. He could face both positive and negative changes, including potential financial growth or personal challenges and stress related to sudden wealth.

Explanation:

The question seems to be asking for an analysis of the potential changes in Dewey's life after winning a million-dollar lottery jackpot. Predicting his exact situation one year from winning is speculative, however, we can use economic principles to understand some common outcomes for lottery winners. It's been observed that lottery winners often experience an increase in their standard of living. However, studies have shown that many lottery winners will spend or give away a lot of their winnings in the first year and they may not be significantly happier or may even be less happy than before.

Depending on how Dewey manages his winnings, he could invest in his future by purchasing property, saving for retirement, or seeking financial advice. On the other hand, he could also face difficulties such as financial mismanagement, falling victim to scams, or dealing with increased stress from the sudden wealth. Socially, he might encounter changes in relationships as friends and family members may treat him differently or have expectations regarding his newfound wealth.

The law that regulates the offering and sale of purely intrastate securities is known as the:

Answers

Blue-Sky Laws

_Danielle_

Some operations have been performed without using anesthesia. how is this possible

Answers

There are operations that can be performed without anesthesia. Heart catheterization is one of these procedures because Doctors like to keep their patients awake and so they may monitor them. Patients do not generally feel the procedure only a bit of pressure.

When the government levies taxes to subsidize the producers of corn-based sugar, the subsidies will?

Answers

I would say the subsidies for corn-based sugar will result in more of that sugar being produced and therefore sales should increase and the government should benefit by more tax revenue in the long run to offset the cost of the subsidies.

The total on the __________ should match the total on the bank deposit slip

Answers

Final answer:

The total on the cash receipts journal should match the total on the bank deposit slip, ensuring that numbers recorded in financial records align with the actual bank deposits for accurate accounting.

Explanation:

The total on the cash receipts journal should match the total on the bank deposit slip. When doing accounting or bookkeeping, it is important to ensure that the numbers recorded in your books align with the actual amounts being deposited in the bank. This step is part of reconciling your accounts, which is necessary for accurate financial reporting.

To reconcile, you would follow a process similar to this: sum up your columns for Exports, Imports, and Balance. The final balance number you arrive at is the current account balance. This should match the first number under Balance in your books. If these numbers do not match, you'll need to review your entries for any inaccuracies or discrepancies and correct them to ensure that your cash receipts journal reflects all transactions accurately.

Which is an example of a short-term investment?

Answers

Examples of short-term investment are money market funds , savings accounts,treasury bill and  certificates of deposit (CD),.
An investment could be considered as a short-term investment if it is anticipated to be expired within the period of one year.
In most cases, short-term investment usually offer lower risk but the return wouldn't be as big as other form of investment

Based on the concept of investment, an example of a short-term investment is a certificate of deposit (CD).

What is a Certificate of Deposit?

Certificate of Deposit is a term that is used to describe the financial product offered by banks and credit unions where you deposit a fixed amount of a specific period typically ranging from a few months to a few years.

General, the Certificate of Deposit During earning interest on the deposit. Thus, the Certificate of Deposit reaches maturity which the owner can withdraw the initial deposit and the interest earned.

Hence, in this case, it is concluded that certificates of Deposit are considered short-term investments because they have a relatively short-time frontier compared to other investment options like stocks or real estate.

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A fabric that changes color when subjected to different lighting conditions has a problem called

Answers

Metamerism is that fabric with that problem.

Will and allison had been dating for some time and their college graduation was only two months away. allison had wondered what would happen to their relationship after college-will had a job prospect in faraway oregon and he hadn't really talked over the implications of accepting the job with her. one evening, while out to dinner, will broached the subject and declared that while he wasn't quite ready for engagement, he was moving that direction and would only take the job if such a future included allison. their talk is an example of a

Answers

This is an example of a turning point. The notion of turning points in one’s life is an influential one. It's the idea that at a definite point, a big occasion takes place that changes your life permanently. It could be in one’s career or just a plot twist in one’s life.

Can surfing the internet for pleasure outside your lunch break be considered an example of theft / fraud at work?

Answers

Surfing the internet for pleasure in the office hour (outside the lunch break) is considered as a fraud at work because in any institution or organization it is not permissible to have pleasure time on internet in the office hours. Office hours are meant only for work and should not be used for personal activities just for enjoyment.

Since the employee has already agreed on contract to work for the organization  for a particular amount of time, he/she is not permitted to anything that is unprofessional.

A borrower asks the notary signing agent for the contact information for the closing agent and the lender's representative. the notary signing agent should respond by:

Answers

The notary signing agent should provide the borrower the contact information, full disclosure. The notary has the primary responsibility for notarizing signatures, but isn't there to block information.
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