Question

adam makes $632 gross income per week and has claimed four allowances. according is adam’s net income after tax withholding?
weekly gross income and the number of withholding allowances claimed is...
at least but less than 0 1 2 3 4 5 6 7 8
600 610 132 122 112 102 92 81 71 63 56
610 620 135 125 114 104 94 84 74 65 58
620 630 137 127 117 107 97 86 76 67 60
630 640 140 130 119 109 99 89 79 69 62
640 650 142 132 122 112 101 91 81 71 64
650 660 146 134 124 114 104 94 84 73 66
a. $99
b. $533
c. $731
d. $502
please select the best answer from the choices provided

Explanation:

Step1: Identify income range

Adam's weekly gross income is $632. Find the range in the table: "At least 630 but less than 640".

Step2: Find tax withholding

He claimed 4 allowances. In the "630 - 640" row and "4" column, tax withholding is $99.

Step3: Calculate net income

Net income = Gross income - Tax withholding = $632 - $99 = $533.

Answer:

b. $533