5
QuizMultiple Choice

Personal Finances

Question 5 • 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 4 withholding allowances claimed making $800 per payroll period.

Answer
A
$22
B
$24
C
$20
D
$0

Explanation

Find the wage range that includes $800: the table uses the row for wages of at least $800 but less than $820. In that row, the amount for 4 withholding allowances is $22. Therefore, the correct choice is $22.

AI-written and checked against the verified answer.

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