Multiple Choice 1 point Why should you accurately complete a W-4 form any time you start a new job or change your tax status? Your W-4 determines your total tax bill at the end of the year Completing a W-4 will guarantee you receive a large tax refund You need a copy of your W-4 to file your tax return annually Your W-4 determines how much Federal income tax money your employer should withhold

## Step 1<br />The W-4 form is a document that employees fill out when they start a new job or when their personal or financial situation changes. This form is used to determine the amount of federal income tax that should be withheld from an employee's paycheck.<br /><br />## Step 2<br />The W-4 form does not determine the total tax bill at the end of the year. The total tax bill is determined by the tax laws and the individual's income, not the W-4 form.<br /><br />## Step 3<br />The W-4 form does not guarantee a large tax refund. The amount of tax refund an individual receives is determined by the difference between the taxes paid and the taxes owed, not the W-4 form.<br /><br />## Step 4<br />The W-4 form is not needed to file a tax return annually. The tax return is filed based on the individual's income and tax liability, not the W-4 form.<br /><br />## Step 5<br />The W-4 form determines how much federal income tax money your employer should withhold from your paycheck. This is done by indicating your tax withholding preferences to your employer.