Question

Look at the withholding table below. If you earn $426 in gross income every week and get to keep $348 of it after tax withholding, how many allowances have you claimed?
For weekly gross income between 420 and 430 dollars, the number of withholding allowances claimed are: 0, 88 dollars; 1, 78 dollars; 2, 68 dollars; 3, 58 dollars; 4, 49 dollars; 5, 42 dollars; 6, 37 dollars; 7, 37 dollars; 8, 37 dollars.
a.
One
b.
Two
c.
Three
d.
Four

Answer 1

Gross − net = 426 − 348 = $78 withheld. The table shows $78 withheld corresponds to 1 allowance.

Answer: a. One