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Which best summarizes the purpose of a W-4 form?
1. It helps determine the amount of taxes withheld from an individual's paycheck.
2. It helps determine when taxes are due and if money is owed to the IRS.
3. It helps determine whether a person has dependents who must also pay taxes.
4. It helps determine when a person needs to pay local income taxes.

Respuesta :

1............. Is the answer
ayfat23

The statement that best summarizes the purpose of a W-4 form is It helps determine the amount of taxes withheld from an individual's paycheck.

What is Form W-4?

Form W-4  provide information about employer, as well as employee's filing status and also amount to withhold from each paycheck.

It can be used to derive information about  the amount of taxes withheld from an individual's paycheck, therefore, option 1 is correct.

Learn more about form w4 at:

https://brainly.com/question/3735128

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