These moderators are ridiculous. Not hearing the question at hand in the least.
I can tell you this, if you go into QUICKBOOKS DESKTOP, NOT the bloody post 2020 W4.... Employees > Employee Center > Employee Information > Edit > Payroll Info > Taxes > Claim Dependents > 4,000 > OK...
Your employee (who, for example, grosses $2,100 every two weeks) will have ZERO income tax withheld ALL YEAR LONG. That is wrong. There is NO way in the USA that calculation is correct for a gross that high. If you change the 4,000 to 2, QuickBooks will deduct $123 (in this employee's situation) in Federal Income Tax which is closer the the amount you will find in the bottom line if you create a spreadsheet that mimics the EXACT layout of the post 2020 W4 using the appropriate tables accompanying said W4 for said employee... which is $128 rounded. $123 is far closer to correct that $0. Use 1, 2, 3, etc. in QuickBooks Desktop. NOT 2,000, 4,000, 6,000, etc.
Hope this helps.
| | Total taxable wages: | 1a | $2,156.63 |
| | Number of pay periods: | 1b | 26 |
| | Multiply 1a by 1b: | | 1c | $56,072.38 |
| | Amount from step 4(a) on W4: | 1d | $0.00 |
| | Add 1c and 1d: | | 1e | $56,072.38 |
| | Amount from step 4(b) on W4: | 1f | $0.00 |
| Enter $12,900 (step 2 box unchecked): | 1g | $12,900.00 |
| | Add lines 1f and 1g: | | 1h | $12,900.00 |
| | Subtract 1h from 1e: | 1i | $43,172.38 |
| | If No W4 from 2020 or later | | | 1j | $0.00 |
| | If No W4 from 2020 or later | | | 1k | $0.00 |
| | If No W4 from 2020 or later | | | 1l | $0.00 |
| | Line 1i or 1l above: | | 2a | $43,172.38 |
| | From Annual % Method Table: | 2b | $32,100.00 |
| | Column C from A%MT: | 2c | $1,990.00 |
| | Column D from A%MT: | 2d | 0.12 |
| | Subtract 2b from 2a: | | 2e | $11,072.38 |
| | Mult 2e by 2d: | | 2f | $1,328.69 |
| | Add 2c and 2f: | | 2g | $3,318.69 |
| | Tentative Amount to w/hold: | 2h | $127.64 |
