Which of the Items Is Not Correct Regarding Withholding

question 26

Multiple Choice

Which of the items is not correct regarding withholding?

• A)Employees that also have self employment income can have additional amounts withheld to avoid estimated tax payments.
• B)Employees cannot claim an allowance for a child unless they are entitled to claim the child as a dependent.
• C)Employees can claim exempt and avoid withholding.
• D)Married employees can choose to be withheld at the higher single rates.Additional allowances can be claimed for many purposes (e.g. ,large itemized deductions) in addition to personal and dependency exemptions.

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Definitions:

Market Share

The share of a market held by a certain company or product.

Economic Losses

The difference between revenues earned from sales and the total costs of production, including opportunity costs, when the latter exceeds the former.

Market Supply

The total amount of a specific good or service that is available to consumers, determined by the sum of all individual suppliers' products in the market.

Long Run

A period sufficient for all inputs, including physical capital and labor, to be adjusted in the production process.