DECA Human Resources Management Practice Exam

Which document do employees submit to influence the amount of taxes withheld from their paychecks?

1. W-2

2. W-4

3. 1099

4. I-9

The correct answer is: W-4

The correct answer is W-4 because this document is specifically designed for employees to indicate to their employer how much federal income tax should be withheld from their paychecks. When an employee fills out a W-4 form, they provide information about their filing status, number of allowances, and any additional amount they want withheld. This allows employees to adjust their withholding to better align with their tax obligations based on their individual circumstances, such as changes in income, marital status, or dependents. The other documents listed serve different purposes. The W-2 is issued by employers at the end of the year to report wages paid and taxes withheld for each employee. The 1099 form is used for reporting income received by individuals who are not considered employees, such as independent contractors. The I-9 is a form used to verify an employee's identity and eligibility to work in the United States but does not influence tax withholding.