In terms of the withholding procedures,which statement does not reflect current rules?
A)Penalties can be imposed for filing false information with respect to wage withholding.
B)An employer need not verify the number of exemptions claimed by an employee on Form W-4 (Employee's Withholding Allowance Certificate).
C)An employee may claim fewer than the number of withholding allowances allowed,but not more.
D)In preparing the income tax return for the year,the employee is bound by the number of exemptions claimed for withholding purposes.
E)None of the above.

Question

Quizplus · Accepted Answer

The statement that an employee is bound by the number of exemptions claimed for withholding purposes when preparing their income tax return is incorrect. Employees can adjust their actual exemptions when filing their tax return, regardless of what was claimed for withholding purposes.

In Terms of the Withholding Procedures,which Statement Does Not Reflect