8.3 Paying Income Taxes Income Tax Withholding Form W-4—What is it? List and Explain the information on a W-4 form? 1. 2. 3. 4. What materials do you need to file your taxes? Name them 1. 2. 3. 4. Define the Following: Filing status- Exemptions Income Deductions Define the following: Taxable income Tax owed Tax credits Final Calculations What is electronic filing? Where would you go to electronically file? Name 3. What are some benefits of Tax Planning? Name 3 1. 2. 3. Where would you go to if you have questions filling out your tax return? Name 3 1. 2. 3. Check your Understanding p. 205 1. 2. 3. Go to Page 66 handout and complete Printout this presentation in handout view with 6 to a page and double sided.