(Answered) Question - case studybob is married and his spouse is

Accounting

Question - Case Study

Bob is married, and his spouse is employed part-time making less than $1,000 per year. They have three dependents. Bob just started a new job and needs to complete his W-4. Using this information, answer the questions below.

Questions

1. Explain the types of withholding allowances Bob may claim for income tax purposes and the purpose of the W-4 form.

2. Under what conditions would Bob be exempt from withholding of federal income taxes in 2016?

3. How would Bob indicate a no-tax-liability status if he qualifies for exemption?

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