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Assignment5.doc - Assignment 5 (20 points) Assignment 5:...

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Assignment 5(20 points)Assignment 5: Taxes and CreditInstructionsSave this file in your course folder, and name it with Assignment, the section number, and your firstinitial and last name. For example, Jessie Robinson's assignment for Section 1 would be namedAssignment1JRobinson.Type the answers to the assignment questions below. Use complete sentences unless the questionsays otherwise. You will have more than one day to complete an assignment. At the end of each day,be sure to save your progress.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? (1-2 sentences. 2.0 points)

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