Assignment 5: Taxes and Credit.pdf - Assignment 5...

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Assignment 5Assignment 5: Taxes and CreditInstructionsType the answers to the assignment questions below.Review Lesson 4 of the Course Overview for instructions about turning in your assignments.Assignment QuestionsIn Section 5, you learned about taxes and credit. Now, you'll apply what you learned.TIP: If you want, you can practice filling out the 1040EZ tax form in your course folder, butdon't turn the tax form in to your instructor. The information on that form is personal andshould be kept private.1. How does payroll withholding help a company's employees?2. List at leastthreetypes of tax that a company may have to withhold from employees'paychecks.3. What are thetwomain types of tax forms a company provides to employees so theemployees can fill out their 1040 tax form?

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Term
Spring
Professor
Mohammadelherbayi
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