Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: Notesfiles; site gypsy.UUCP
Path: utzoo!watmath!clyde!cbosgd!ihnp4!mhuxn!mhuxr!ulysses!allegra!princeton!siemens!gypsy!rws
From: rws@gypsy.UUCP
Newsgroups: net.taxes
Subject: Re: withholding question
Message-ID: <36300009@gypsy.UUCP>
Date: Mon, 9-Sep-85 09:25:00 EDT
Article-I.D.: gypsy.36300009
Posted: Mon Sep  9 09:25:00 1985
Date-Received: Tue, 10-Sep-85 04:24:42 EDT
References: <827@burl.UUCP>
Lines: 19
Nf-ID: #R:burl:-82700:gypsy:36300009:000:634
Nf-From: gypsy!rws    Sep  9 09:25:00 1985


Run, don't walk, to your personnel office, and ask for the W-4 form and
instructions.  The way I recall its contents, it basically says that you are
expected to withold what you owe, and no more.  So if you have witheld (a)
as much as you owed last year, OR (b) within $200 of what you owe this year,
you are in good shape.  You can cut it a little closer by witholding only
80% of what you owe this year, but then you have to file a form with your
1040 detailing, on a quarter by quarter basis, that you had 80% of your debt
witheld.

Good luck.

Bob Schwanke

Siemens Research
Princeton, NJ
08540-6668

seismo!princeton!siemens!rws