[ANSWERED] Withholding Exemptions. Barry is a college student who is employed as a waiter during the summer. He

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Withholding Exemptions. Barry is a college student who is
employed as a waiter during the summer. He earns approximately $1,500 during
the summer and estimates that he will nor be required to file a tax return and
will have no federal income tax liability. Last year, however, he made $6,000
and was required co file a return and pay $400 in taxes. Barry is unmarried and
is supported by his parents. He has no dependents and does not have any other
sources of income or deductions.
a. Can Barry claim exempt status on Form W-4 for withholding
purposes?
b. Can Barry claim more than one exemption on Form W-4
(e.g., additional withholding allowances or the standard deduction allowance)
co minimize the amount withheld? Explain.

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