Title: QUIZ: Forms 101: The W-4 Form -- Personal Finance Conversations
Course: Andria Testing FRE2 > Section: Forms 101: The W-4 Form -- Personal Finance Conversations

Q: Which of the following statements is true?
- The W-4 form helps you start a mandatory savings account with your employer. 
- You must fill out a W-4 each time you start a job and make changes when needed.
- If no one can claim you as a dependent, you don’t have to complete a W-4 form. 
- Once you have completed the W-4 proving you are exempt, you don’t have to complete it again. 
A: You must fill out a W-4 each time you start a job and make changes when needed.

Q: Completing the W-4 correctly is important because _________.
- the goal is for your employer to withhold enough from your check to cover your taxes. 
- the W-4 is voluntary and the government relies on people being honest.
- all parts of the W-4 are mandatory.
- claiming too few allowances will result in owing the government at tax time.
A: the goal is for your employer to withhold enough from your check to cover your taxes. 

Q: If you’re unmarried and pay more than half the costs of keeping up a home for yourself and a qualifying individual, which of the following boxes should you select?
- Head of household
- Single or Married filing separately
- Married filing jointly
- Divorced
A: Head of household

Q: Which if the following statements is true?
- A dependent must be a spouse or your child who relies on you financially. 
- The more allowances, the more income withheld for taxes from each check. 
- A person claimed by another can still qualify as head of household.
- A dependent could be an elderly parent who lives with and depends on his or her child.
A: A dependent could be an elderly parent who lives with and depends on his or her child.