Why is it important to fill out a W4 form correctly?

Question

(1 point)
Responses

So that your employer knows that you do not have a criminal record.
So that your employer knows that you do not have a criminal record.

So that your employer knows you are a citizen of the United States.
So that your employer knows you are a citizen of the United States.

So that your employer does not hold out too much or too little in taxes.
So that your employer does not hold out too much or too little in taxes.

So that your employer does not hold you responsible for a disability.

Answer 1

So that your employer does not hold you responsible for a disability.

Answer 2

C. So that your employer does not hold out too much or too little in taxes.

Answer 3

That is correct. Filling out a W4 form correctly is important because it helps your employer determine the appropriate amount of federal income tax to withhold from your paycheck. If you provide incorrect or incomplete information, your employer may withhold too much or too little in taxes, which can have significant financial consequences for you when it comes to filing your taxes.