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W-4.
Are there any tax law changes affecting students?
Yea. If you can be claimed as a dependent on another person’s tax return, you will not be allowed to claim an exemption for yourself on your tax return. This will reduce the number of withholding allowances you can claim on the W-4A.
Can I claim, exemption from withholding?
If you can be claimed as a dependent on another person’s tax return you may not be exempt from withholding in 1987. You cannot claim exempt status if you have any nonwage income, such as interest on savings, and your wages phis this non-wage income will be more than $500.
Haw many withholding allowances can I claim?
Generally you will be entitled to claim one withholding allowance bo long as you have only one job. If you have more than one job you will be entitled to claim this one withholding allowance only if your wages from the other jobs are $2,500 or less.
89.7%