I recently got hired at a big retail company and my manager gave me a PACKET of paperwork to fill out...(I'm only 17 btw) Anyway, the paperwork includes W-4 forms, W-5 forms and the WOTC form? (Could anyone tell me what that is?) My parents don't really understand English so It's up to me to fill out this paper work on my own. Anyway, the packet she gave me has the 2007 W-4 forms...is this okay for me to fill out since this is 2008? Or should I go back to my manager and tell her that she gave me the wrong packet? Or is it okay if I still fill it out? I feel like I've bothered and called her enough...
Also, what is a WOTC form?
Thanks to anyone who can help!
karenR answered Sunday March 30 2008, 11:34 am: A W4 form tells your employer how much taxes
to take out of your check. You would be single.
No dependents. If you have a child you claim
him/her.
I don't know why you have to fill out a W5
unless you have a child. It is in case you
qualify for Earned Income Credit. You may
want to make sure that form is 2008 if you
need to fill it out.
The Work Opportunity Tax Credit (WOTC) promotes the hiring of individuals who qualify as members of target groups, by providing a federal tax credit incentive of up to $9,000 for employers who hire them. Basically, if your employer hires
you...He/she makes some extra money from the
government. :) [ karenR's advice column | Ask karenR A Question ]
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