Multiple Choice
Andie earned $680.20 during the most recent weekly pay period. She is single with 3 withholding allowances and needs to decide between contributing 2.5% and $25 to her 401(k) plan. If she chooses the method that results in the lowest taxable income, how much will be withheld for Federal income tax (based on
The following table) ?
Wage Bracket Method Tables for Income Tax Withholding
SINGLE Persons-WEEKLY Payroll Period
(For Wages Paid through December 2019)
And the wages are And the number of withholding allowances claimed is-
At least But lessthan 0 1 2 3 4 5 6 7 8 9 10
The amount of income tax to be withheld is-
A) $40.00
B) $48.00
C) $36.00
D) $39.00
Correct Answer:

Verified
Correct Answer:
Verified
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