use the following federal tax table for biweekly earnings of a single person to help answer the question…

use the following federal tax table for biweekly earnings of a single person to help answer the question below. if the wages are - and the number of withholding allowances claimed is - at least but less than 0 1 2 3 4 5 6 7 8 9 10+ the amount of income tax withheld is - 720 740 80 62 44 26 14 1 0 0 0 0 0 740 760 83 65 47 28 16 3 0 0 0 0 0 760 780 86 68 50 31 18 5 0 0 0 0 0 780 800 89 71 53 34 20 7 0 0 0 0 0 800 820 92 74 56 37 22 9 0 0 0 0 0 820 840 95 77 59 40 24 11 0 0 0 0 0 840 860 98 80 62 43 26 13 1 0 0 0 0 mario has gross biweekly earnings of $784.21. by claiming 1 more withholding allowance, mario would have $13 more in his take - home pay. how many withholding allowances does mario currently claim? a. 3

use the following federal tax table for biweekly earnings of a single person to help answer the question below. if the wages are - and the number of withholding allowances claimed is - at least but less than 0 1 2 3 4 5 6 7 8 9 10+ the amount of income tax withheld is - 720 740 80 62 44 26 14 1 0 0 0 0 0 740 760 83 65 47 28 16 3 0 0 0 0 0 760 780 86 68 50 31 18 5 0 0 0 0 0 780 800 89 71 53 34 20 7 0 0 0 0 0 800 820 92 74 56 37 22 9 0 0 0 0 0 820 840 95 77 59 40 24 11 0 0 0 0 0 840 860 98 80 62 43 26 13 1 0 0 0 0 mario has gross biweekly earnings of $784.21. by claiming 1 more withholding allowance, mario would have $13 more in his take - home pay. how many withholding allowances does mario currently claim? a. 3

Answer

Explanation:

Step1: Locate the wage range

Mario's bi - weekly earnings of $784.21$ is in the range of $780 - 800$.

Step2: Analyze the tax difference

Claiming 1 more allowance gives $13$ more in take - home pay, which means a $13$ reduction in tax.

Step3: Check the table values

In the $780 - 800$ row of the table, we look for a difference of $13$ between two adjacent columns. When we compare the values for different allowances in this row, we see that the difference between the tax for 2 allowances ($53$) and 3 allowances ($40$) is $53 - 40=13$.

Answer:

2