Robert makes $951 gross income per week and keeps $762 of it after tax withholding. How many allowances has Robert claimed? For weekly income between 950 and 960, the number of withholding allowances claimed are: 0, 259 dollars; 1, 242 dollars; 2, 224 dollars; 3, 207 dollars; 4, 189 dollars; 5, 173 dollars; 6, 162 dollars; 7, 151 dollars; 8, 140 dollars. a. One b. Two c. Three d. Four

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Answer:

Option D,four is correct

Step-by-step explanation:

The tax withholding from the gross income of $951 is the gross income itself minus the income after tax withholding i.e $189  ($951-$762)

The percentage of the withholding =189/951=20% approximately

Going by the multiple  choices provided,option with 4,189 dollars seems to the correct option as that is the exact of the tax withholding on Robert's gross income and his earnings fall in between $950 and $960

The number of allowances that Robert has claimed is four. Option d is correct.

What is Tax withholding allowance?

A withholding tax is a tax that an employer deducts from an employee's paycheck and delivers it straight to the government (federal income tax).

From the given information:

  • The gross income per week for Robert = $951
  • The amount saved after removing tax allowance = $762

The tax allowance = Gross income - savings amount

The tax allowance = $951 - $762

The tax allowance = $189

From the weekly income between 950 and 960 data, we can see that the number of allowances claimed related to the withholding allowances are:

0  → $259

1   →  $242

2   → $224

3   → $207

4  → $189

5   → $173

6  →  $162

7   → $151

8  →  $140

Therefore, we can conclude that the number of allowances that Robert has claimed is four.

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