Which of the following statements regarding income tax withholding is incorrect?
A) The withholding tables are designed so that employee withholding approximates the tax liability.
B) Large itemized deductions require the need for additional withholding.
C) The withholding tables vary based on filing status.
D) Extra allowances can be claimed and reduce withholding.

Question

Quizplus · Accepted Answer

Itemized deductions reduce the withholding required by the taxpayer.

Which of the Following Statements Regarding Income Tax Withholding Is