Business Math Assignment-Witholding Allowance

Witholding Allowance

A withholding allowance for the employee and each dependent is exempt from gross earnings and not subject to federal income tax. The monthly deduction for this allowance is $283.33.

 

13- Refer to the Withholding Allowance information. Laura Wilder claims as a dependent herself only. Compute the total amount of Wilder’s allowance.​

 

14- Refer to the Withholding Allowance information. Clara Webb claims herself and four dependents. Compute the total amount of Webb’s allowance.​

 

15- Refer to the Withholding Allowance information. Susan Smith claims herself and two dependents. Her monthly salary is $2,800. Compute Smith’s taxable income per month.​

 

16- Refer to the Withholding Allowance information. James Webb, who has a monthly salary of $2,450, claims himself and three dependents. Compute Webb’s taxable income per month.​

 

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