Finance

Have finance questions? Ask a financial expert online.

Ask an Expert,
Get an Answer ASAP!

1. I'm an OPT student. I want to verify my W4 form and EDD…

Customer Question
1. I'm an OPT student...
1. I'm an OPT student. I want to verify my W4 form and EDD form is correct.2. How do I make sure my paycheck is coded correctly so no social security or Medicare taxes are withheld?
Submitted: 11 months ago.Category: Finance
Show More
Show Less
Ask Your Own Finance Question
Answered in 6 minutes by:
9/15/2017
Financial Professional: TaxRobin, Senior Advisor replied 11 months ago
TaxRobin
TaxRobin, Senior Advisor
Category: Finance
Satisfied Customers: 18,353
Experience: 15 years of experience in financial advising with emphasis on tax issues.
Verified

Hello, I'm Robin. Welcome to JustAnswer. I'm reviewing your question now and typing up my reply. I'll post that in just a few moments.

Ask Your Own Finance Question
Financial Professional: TaxRobin, Senior Advisor replied 11 months ago

Both the Internal Revenue Code and the Social Security Act allow an exemption from social security/Medicare taxes to alien students, scholars, teachers, researchers, trainees, physicians, au pairs, summer camp workers, and other nonimmigrants who have entered the United States on F-1, J-1, M-1, Q-1, or Q-2 visas and who are still classified as NONRESIDENT ALIENS under the residency rules of the Internal Revenue Code.

This means that foreign students in F-1, J-1, M-1, Q-1 or Q-2 nonimmigrant status who have been in the United States less than 5 calendar years are still NONRESIDENT ALIENS and are still exempt from social security/Medicare taxes.

This 5 year period also includes your practical training time so if you are still non resident you would not be subject to the SS and Medicare withholding.

Ask Your Own Finance Question
Customer reply replied 11 months ago
then how should I fill out my W4? Please check the files I attached. thanks
Customer reply replied 11 months ago
2. How do I make sure my paycheck is coded correctly so no social security or Medicare taxes are withheld?
Financial Professional: TaxRobin, Senior Advisor replied 11 months ago

Your employer does this in their system for payroll. There is nothing else on the W4 for you to do

Ask Your Own Finance Question
Customer reply replied 11 months ago
could you please check 3.PNG, and see if my DE4 form is correct?
Financial Professional: TaxRobin, Senior Advisor replied 11 months ago

Your employer knows your status (or should) and would know if FICA is applicable.

From what I can see yes, CA income tax would still apply and you cannot claim more allowances than for yourself

Ask Your Own Finance Question
Customer reply replied 11 months ago
is 2.PNG also correct?
Financial Professional: TaxRobin, Senior Advisor replied 11 months ago

The line 6 amount is not a place for indicating your resident status (NRA) that is only if you want more income tax withheld. You cannot claim exempt so remove the NRA and it is correct

Ask Your Own Finance Question
Customer reply replied 11 months ago
ok, cause Expert: emc011075 said Line 6.Write “nonresident alien” or “NRA” on the dotted line. If you would like to have an additional amount withheld, enter the amount on line 6. (https://www.justanswer.com/tax/9pnbo-i-m-working-under-opt-don-t-know-fill-w4.html)
Financial Professional: TaxRobin, Senior Advisor replied 11 months ago

Line 6 is for indicating if you want to have extra withheld. Here is what the IRS publication says for NRA and the W4 line 6

Line 6. Write “nonresident alien” or “NRA” on the dotted line. If you would like to have an additional amount withheld, enter the amount on line 6.

NRA goes on the ............... line not in the box

Ask Your Own Finance Question
Financial Professional: TaxRobin, Senior Advisor replied 11 months ago

So like I said remove NRA from the BOX then put it on the dotted line

Ask Your Own Finance Question
Customer reply replied 11 months ago
Hi is it like 4.PNG? what amount should I put is the best from your opinion? my annual salary is $40,000
Financial Professional: TaxRobin, Senior Advisor replied 11 months ago

That is the way to report that.

You do not need to put any additional amount. They will withhold based on the income and just your own single amount so that should be enough. Leave the box 6 blank or use $0 if you just have to enter something

Ask Your Own Finance Question
Customer reply replied 11 months ago
is my 5.PNG correct?
Financial Professional: TaxRobin, Senior Advisor replied 11 months ago

What country are you from? It matters to how many allowances you can claim

Ask Your Own Finance Question
Customer reply replied 11 months ago
from Taiwan
Financial Professional: TaxRobin, Senior Advisor replied 11 months ago

Forget that worksheet.

Box 3 - Check "Single" marital status on line 3 (regardless of marital status)

Box 5 - Enter "1" for the total number of allowances (Residents of American Samoa, Canada, Korea, Mexico, The Northern Mariana Islands and Students from India may claim more allowances.)

Box 6 - Enter the phrase Non Resident Alien or "NRA" above the dotted line on line 6 $0 in the box

Box 7 - Do not complete as "Exempt."

Sign and turn it in.

Ask Your Own Finance Question
Financial Professional: TaxRobin, Senior Advisor replied 11 months ago

IF you stay past the years you are allowed you become a RESIDENT alien and a new W4 will be needed.

I hope this has been useful.

A positive 5 star rating is appreciated so I am credited for assisting.

Ask Your Own Finance Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a financial professionalLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask TaxRobin Your Own Question
TaxRobin
TaxRobin
TaxRobin, Senior Advisor
Category: Finance
Satisfied Customers: 18,353
18,353 Satisfied Customers
Experience: 15 years of experience in financial advising with emphasis on tax issues.

TaxRobin is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Rakhi Vasavada

Rakhi Vasavada

Financial and Legal Consultant

2,609 satisfied customers

Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years

Megan C

Megan C

Certified Public Accountant (CPA)

2,222 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

1,933 satisfied customers

More than 5000 online tutoring sessions.

JKCPA

JKCPA

CPA

844 satisfied customers

Bachelors degree and CPA with Accounting experience.

Eric

Eric

Financial Manager

559 satisfied customers

Loan servicing, counseling and real estate expert. Foreclosure Expert and Financial Planner.

R. Klein, EA

R. Klein, EA

Accountant

480 satisfied customers

TurboTax Expert. QuickBooks Certified Pro Advisor

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

332 satisfied customers

NASD Licensed Rep, 1997-2001, Business Attorney

< Previous | Next >

Related Finance Questions
I'm starting a new job making just over 60k-70k a year. My
I'm starting a new job making just over 60k-70k a year. My wife works and makes 18k a year. We also have a family business that makes around 40-50k a year. We are married and have three children. I wi… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,585 satisfied customers
I have a question about my taxes. I answered some questions
Hi. I have a question about my taxes. I answered some questions for a company I was working for on their website (Robert Half) and I don't know what all this Tax stuff means. I am listed as exempt fro… read more
TaxRobin
TaxRobin
Senior Advisor
Vocational, Technical or Trade School
18,353 satisfied customers
I need helping filling out form W-2 for one employee that I
Good Morning! I need helping filling out form W-2 for one employee that I had. … read more
TaxRobin
TaxRobin
Senior Advisor
Vocational, Technical or Trade School
18,353 satisfied customers
When a LTD insurer holds back required FICA and Medicare
Hello, when a LTD insurer holds back required FICA and Medicare from LTD how can my employer place that on a W2 and issue me one???? … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I will be recieving the second and final severance chaeck
I will be recieving the second and final severance chaeck the first of the year from a previous employer. The issue is Both current job and this severance will be withholding social security tax. I wo… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
My wife has a w2for sick pay, box 1 and 2 are empty. Box 3,
My wife has a w2for sick pay, box 1 and 2 are empty. Box 3, 4, 5 & 6 all have amounts. Box 12 is empty & box 13 has 3rd Party Sick Pay checked off. How do I enter this, TurboTax is complaining about i… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I'm doing my taxes on turbo tax online and it has stated
Hi there I'm doing my taxes on turbo tax online and it has stated that my employer has withheld to much social security tax on my wages in 2016 and due a refund from them but I wanted to ask you first… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I've been offered a job that pays $41,000 per year. I
I've been offered a job that pays $41,000 per year. I know they will take money out for taxes, etc, but I don't know how to calculate how much that will be. My budget is monthly, so I need to know app… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Employer, who is now out of business, failed to deduct Medicare
Employer, who is now out of business, failed to deduct Medicare tax from wages. They paid to IRS, but how will I be given credit for the payment.… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Ed, i completed my graduation in Dec 2014 and started working
Hi Ed, i completed my graduation in Dec 2014 and started working in Feb 2015 on OPT period and was there the entire year. Do i need to file form 8316? Can you please explain to me the process for me t… read more
TaxRobin
TaxRobin
Senior Advisor
Vocational, Technical or Trade School
18,353 satisfied customers
If I have worked on OPT(student Visa with India as treaty
If I have worked on OPT(student Visa with India as treaty country) until October before I got approved my H1 status, My employer deducted the SSN and Medicare taxes. How can I claim those taxes back d… read more
Anne
Anne
Master Tax Preparer
1,328 satisfied customers
I'm not sure if this is a LEGAL question but I see no
I'm not sure if this is a LEGAL question but I see no accountancy category... However, I own a small business and want to hire my first employee. At her last job she was paid $48,000 a year. I'd like … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Is there a rule of thumb as to how to figure out a net pay
Is there a rule of thumb as to how to figure out a net pay from a possible paycheck? Maybe a certain percent from the gross income to figure out net?… read more
TaxRobin
TaxRobin
Senior Advisor
Vocational, Technical or Trade School
18,353 satisfied customers
Not sure if my question went through. I am self employed,
Not sure if my question went through. I am self employed, 69 years of age. I take social security and Medicare taxes out of my paycheck that I draw on my company. How long do I need to continue to do … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Please help me enter the correct information for my and my
Please help me enter the correct information for my and my wife's 2015 W4 and California DE4 based on our projected income and situation. We hope to have as close to zero income tax liability as possi… read more
TaxRobin
TaxRobin
Senior Advisor
Vocational, Technical or Trade School
18,353 satisfied customers
Accounting - Hello - I am currently doing contract work in
Accounting - Hello - I am currently doing contract work in the computing industry. A recruiter receives compensation from the company I contract for, and in turn pays me. For tax year 2013 I only work… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,641 satisfied customers
I am working on my W-2 Form from IRS. My salary is $61,023.00,
I am working on my W-2 Form from IRS. My salary is $61,023.00, I live in the state of New York. What would be the calculated figure for Box 17 - State Income Tax, and Box 19 - Local Income Tax.… read more
K Smith
K Smith
Bachelor\u0027s Degree
5 satisfied customers
Hello! I am a newlywed with lots of tax questions. Some basic
Hello! I am a newlywed with lots of tax questions. Some basic information: my husband and I both work and live in New York City (where we rent), contribute to a retirement account, have no children, a… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x