hi! please help me with the accounting question， each question at lest 1-2 paragraph, each answer has to be separate and respond under the question
1. Rocky Jackson, a friend of yours, just started a new job. He is attempting to fill out Form W-4 and has asked for your help. He would like to receive a large refund when he files his return and would therefore like to claim as few allowances as possible. Even though he is married and has four children, he is planning on claiming no allowances. What would you tell Rocky?
2. Why is it important to withhold the proper amount of taxes? What is the consequence of withholding the wrong amount, and how can Estimated Payments be used to manage a tax bill effectively?