10
QuizMultiple Choice

Personal Finances

Question 10 • 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 5 withholding allowances claimed making $841 per payroll period.

Answer
A
$7
B
$0
C
$11
D
$13

Explanation

A wage of $841 falls in the table row for wages of at least $840 but less than $860. In that row, the amount listed for 5 withholding allowances is $13. Therefore, the correct choice is $13.

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