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Probably a question for my accountant, but I thought I'd post it here first.
Suppose you have an employee who is claiming 3 children on his w-4, but you think he is telling a lie, and has less dependants, or none at all.
Question, does this cost me more in any way shape or form? I realize that the employee is trying to save $ on his witholdings, but I am not required to prove how many children he has.
Just wondering if this "lie" hurts me in any way financially.
Thanks!
Suppose you have an employee who is claiming 3 children on his w-4, but you think he is telling a lie, and has less dependants, or none at all.
Question, does this cost me more in any way shape or form? I realize that the employee is trying to save $ on his witholdings, but I am not required to prove how many children he has.
Just wondering if this "lie" hurts me in any way financially.
Thanks!