Why Might an Employee Elect to Have Additional Federal Income

question 22

Multiple Choice

Why might an employee elect to have additional federal income tax withheld? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong
Answer. Any boxes left with a question mark will be automatically graded as incorrect.)

• A) The employee wishes to reduce income tax liability.
• B) The employee has more than one job.
• C) The employee's spouse is employed.
• D) The employee wants to satisfy prior years' tax obligations.

---

Definitions:

Demand

The amount of a product or service that customers can and are willing to buy at different price levels over a specified time.

Supply

The total amount of a product or service that is available for purchase at any given price.

Inelastic

Describes a situation where the demand or supply of a good or service is unaffected by changes in price.

Demand

Demand is the desire and ability of consumers to purchase goods or services at a given price within a specific time frame.