Assignment task:
Sam and Emma are married and plan to file a joint return. They have no dependents to claim. Sam and Emma both work full-time. Sam's salary is significantly higher than Emma's. Which of the following is the best advice regarding their Forms W-4, Employee's Withholding Certificate?
Both Sam and Emma should claim exemption from withholding on their 2023 Forms W-4. They may then make estimated tax payments during the year to ensure that their tax bill is covered.
Sam and Emma should each fill out a 2023 Form W-4, Step 2(b), Multiple Jobs Worksheet, taking into consideration only their own salaries.
Sam should complete Step 1, Enter Personal Information, and Step 5, Sign Here, on his 2023 Form W-4. Emma should complete Steps 1 and 2(b), Multiple Jobs Worksheet, using both her and Sam's information.
Emma should only complete Step 1, Enter Personal Information, and Step 5, Sign Here, on her 2023 Form W-4. Sam should complete the Step 1 and Step 2(b), Multiple Jobs Worksheet, and Step 5, using both his and Emma's information.