Historical Newspapers of South Carolina

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\cnl 1 u_ii m * u. ^ b "t> MESmbieb I ~z. ^ I? CO ^ 2 jBfjjfl ~z. ?j ^ t nm Are You Ha\ Every payday Clinton Mills uses the information on the Form W-4 you completed to determine how much Federal income tax to ' tt J : ;vr o /|y| i NS V < | *1 j r Mrs. Ida Tapp, Plant No. 1 Spinning, counts the number of "sad faces" on the plant's safety poster. Each "sad face" represents a first aid case to a particular part of the body. During the year, Plant No. 1 has recorded 59 first aid injuries which were reported and treated. t rina The Riaht Amou withhold from your pay. The company uses the number of withholding allowances you yoi claim on W-4 to figure the amount of tax to asl withhold. So it is important to keep your W-4 bo up-to-date to reflect any changes in your th< withholding allowances. Sii ne The more withholding allowances you claim, the less tax is withheld from your pay. The fewer allowances you claim, the more tax is withheld. The instructions on Form W-4 explain how sh to figure the withholding allowances you are tie entitled to claim. File a new W-4 if neces- on sary. You can get Form W-4 from your Per- all sonnel Department. yo all You should check the number of your alio- j wances if: ? Your marital status changes. ? Your dependent is born or dies. th< ? You begin or stop supporting a depen- ? dent. yo ? You or your spouse becomes 65 years old wi or blind. en ? Your eligibility for the "special withhold- ? ing allowance" changes. du If the number of allowances you are enti tied to claim INCREASES, you may file a an new W-4 at any time. I( If the number of allowances you are enti tied to claim DECREASES to less than the ^ number you are now claiming, you must file _ a new W-4 within 10 days of the change. , You can estimate your taxes for the year by _ using the worksheet in Form 1040-ES, Declaration of Estimated Tax for individuals. q Then you can decide whether to change the number of withholding allowances you are claiming so you can have less tax or more tax yo withheld. "f H^HBH^n^SsKj^^MMr I" SHHr ifi? 'wSSBiW *$iji *?9 nf Of Federal Ta IF YOU WANT MORE TAX WITHHELD, j can claim fewer or zero allowances, or * your employer to withhold more tax, or th. If you are married, you may also check ? box "Married, but withhold at higher igle rate" on Form W-4. You probably will ed to have more tax withheld if both you d your spouse are employed, or if you have )re than one job. IF YOU WANT LESS TAX WITHHELD, you ould claim all the allowances you are entid to. However, if you work for more than e employers, you may not claim the same owances with each one. If both you and ur spouse are employed, you can divide owances between you, but both cannot jim the same allowances. If you are eligible, you may claim any of e following withholding allowances: The "special withholding allowance" if u are single with one employer, or married th one employer and your spouse is not iployed. Allowances for estimated itemized de ictions. Allowances for estimated tax credits such the earned income credit, credit for child id dependent care expenses, credit for the Jerly, and residential energy credits. Allowances for alimony payments and the duction for two-earner married couples. Allowances for moving expenses and em oyee business expenses. Allowances for qualified retirement conibutions and net losses on Schedules D,E, and F of Form 1040. These allowances are used only to figure iur withholding tax. Do not claim them as ixemptions" when your file your tax return. illl III I i? I 1 o ? ^ ^ p ^ ^ c x Withheld? If you expect to owe no taxes for 1983 and owed none for 1982, you may claim "exempt" status. This means that no Federal income tax is withheld from your pay. (Your employer must still withhold social security tax, if applicable.) If you want to claim this exemption, write "Exempt" on the appropriate line nf the W-A If your began working during the year after a perioa of unemployment, too much tax may be withheld from your pay. To avoid this, ask your employer to use the "partyear" method of withholding for the rest of the year. UJ o <_> In 52211 =>c/i S I 3 0 a! * 1 I oc I