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Apr 17, 2024
6:08
:03
am
willkie40
Playmaker
Been awhile since you filled out a W4?
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willkie40
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willkie40
Joined
May 8, 2013
Last login
May 17, 2024
Total posts
1,591 (0 FO)
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Messages
Author
Time
Has anybody here ever claimed 99 exemptions on w4?
cougarBee
Apr 16, 10:24pm
I've got 99 exemptions and a bonus ain't one
yahtzee
Apr 16, 10:25pm
An audit of what? You'll pay all the taxes regardless.
Methusaleh22
Apr 16, 10:27pm
Yes I’ve done it. No it didn’t cause any problems
maxpowers
Apr 16, 10:30pm
Bonuses are withheld at a fixed rate (~40%), W-4 is irrelevant
NanoFab Coug
Apr 16, 10:41pm
I’ve done it before by claiming exempt just before the bonus and the switching it back to normal withholdings after.
RoamingCoug
Apr 16, 11:35pm
Only if you have a Luftballoon for each one.
Florwood
Apr 17, 12:11am
Been awhile since you filled out a W4?
willkie40
Apr 17, 6:08am
Circular C has 22% bonus withholding rate for Federal. add 7.65% FICA would be
Acorn
Apr 17, 6:31am
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