Payment or Refund?
	n Withholding: Your employer is required to withhold some of your earnings for the IRS. Your annual earnings and tax withholdings are reported on a form called W-2. n Employees decide on how many exemptions to claim on a W- 4 form. The more exemptions you claim, the less tax withholding. n If you total final tax is more than your tax withholding, then you need to send a check to IRS. n If your total final tax is less than your tax withholding, then you get a refund.