Here are the correct answers to the questions based on the information provided:
Question 1: Why is it important to fill out a W4 form correctly? (25 points)
- So that your employer does not hold out too much or too little in taxes.
(This response is important because the W-4 form informs the employer how much federal income tax to withhold from your paycheck.)
Question 2: What might happen if a newly-hired person filled out a W-4 form incorrectly? (25 points)
- That person might have a larger tax bill to pay on income taxes.
(An incorrect W-4 can lead to under-withholding or over-withholding, resulting in a larger tax bill at the end of the year.)
Question 3: This form validates the identity of an individual for the purpose of authorizing the person for employment within the United States (25 points)
- I-9
(The I-9 form is used to verify an employee's identity and eligibility to work in the U.S.)
Question 4: These are people who rely on another for support in relation to hiring paperwork (25 points)
- Dependent
(Dependents are individuals who rely on another person, often for financial support, related to tax and hiring paperwork.)
Let me know if you have any further questions!