16
QuizMultiple Choice

Personal Finances

Question 16 • LVA - Mathematical Modeling - Spring

If the wages are And the number of withholding allowances claimed is At leastBut less than012345678910+The amount of income tax withheld is720740806244261410000074076083654728163000007607808668503118500000780800897153342070000080082092745637220000008208409577594024110000084086098806243261310000The following table shows the federal income tax for a single person for a biweekly payroll period withheld in 2005.Find the amount of taxes withheld for a single person with 2 withholding allowances claimed making $799 per payroll period.

Answer
A
$47
B
$50
C
$53
D
$56

Explanation

A biweekly wage of $799 falls in the table row for wages at least $780 but less than $800. In that row, the amount for 2 withholding allowances is $53. Therefore, the correct choice is $53.

AI-written and checked against the verified answer.

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