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.

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Definitions:

Shares Of Stock

Units of ownership interest in a corporation or financial asset, giving shareholders a proportion of the corporation's assets and profits.

Profit Margin

A financial metric representing the percentage of revenue that remains as profit after all expenses are deducted.

Return On Assets

A measure of how effectively a company uses its assets to generate profit, calculated as net income divided by average total assets.

Total Assets

The sum of all current and non-current assets owned by a company, indicating the total resources available for use in operations.