Multiple Choice
Julio is single with 1 withholding allowance.He earned $1,025.00 during the most recent semimonthly pay period.He needs to decide between contributing 3% and $30 to his 401(k) plan.If he chooses the method that results in the lowest taxable income,how much will be withheld for Federal income tax (based on the following table) ?
A) $79.00
B) $86.00
C) $74.00
D) Both yield the same tax amount
Correct Answer:

Verified
Correct Answer:
Verified
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