Ask Experts Questions for FREE Help !
Ask
    brandonc531's Avatar
    brandonc531 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 20, 2007, 03:04 PM
    Proper W-4 Allowances/Withholding
    I am married with one child.

    Our combined gross income is 110k

    Wife files as a "0" on her W-4 ----- she hasn't changed jobs since we first married five years ago so it has always be a "0"

    I currently file as a "2" on my W-4...


    Question is, Are we having TOO MUCH?TOO LITTLE tax taken from our pay??

    I am unclear as to the impact of having more/less allowances claimed.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jul 21, 2007, 10:46 AM
    How MUCH is being withheld from each check, and on WHAT pay period?
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Correct number of allowances in W4 [ 4 Answers ]

Hi, I am single working on H1-B. My old W4 form with my employer had "1" as number of allowances. Incidentally I had to update my address and was asked to refill W4 again. The first line in personal allowance worksheet says A) Enter 1 for yourself if no one else can claim you as...

Netball allowances [ 2 Answers ]

I know the positions but I can't remember where all the players are allowed too go on the court, does anyone know? Sorry if I miassed the forum where this is meant too go.

Recording revenues and allowances [ 4 Answers ]

How do you record the following: Best Buys "Reward Zone" incentive plan shoppers earn $5 on every $125 purchases. Best buy initially deducted the Reward Zone dollars from revenue. Assume that Best Buy has $125,000 in revenues and allows $5,000 in "Reward Zone" dollars. Prepare the journal...

Allowances for Receivables [ 2 Answers ]

I don't know have clear view about Allowances for Receivables and why business's need to make it? Thanks

View more questions Search