McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

Exercise 20

Juanita recently started employment for Maple Corporation.For tax purposes, Juanita files as a head-of-household filing status with three dependents.Juanita needs to determine the number of "withholding exemptions" to claim on her W-4 form.Should she claim four withholding exemptions or should she claim more? What factors should she consider in making this determination?