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Posts Tagged ‘exempt’

Q. Is it illegal to claim exempt status on my W-4 for a couple of paychecks?
A. To get the answer to your question, we need to examine the statements on the W-4 relating to the exempt status.  Exempt means you will have no federal withholding on your paycheck.  It does not affect Social Security and [...]

May 20th, 2009 | Filed under Employee, Payroll

Q. My employer did not withhold any federal or state tax last year, just Social Security and Medicare. What do I do?
A. This is really a serious problem. However, the number of ways you could get into this problem are many. First lets tackle the federal issue. Check with your employer to see what [...]

Jun 19th, 2008 | Filed under Employee, Employer, Payroll