You earn [tex]$\$[/tex] 1,166[tex]$ gross taxable income every week and have claimed no exemptions. Assuming that you have no other sources of income, what is the amount of income tax withheld each week?

\begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|}
\hline
Weekly Earnings & \multicolumn{9}{|c|}{Number of Withholding Allowances Claimed} \\
\hline
& 0 & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 \\
\hline
$[/tex]1,160[tex]$ & 323 & 317 & 310 & 303 & 297 & 290 & 283 & 277 & 270 \\
\hline
$[/tex]1,170[tex]$ & 327 & 320 & 314 & 307 & 301 & 294 & 287 & 281 & 274 \\
\hline
$[/tex]1,180[tex]$ & 331 & 325 & 318 & 312 & 305 & 298 & 291 & 285 & 278 \\
\hline
$[/tex]1,190[tex]$ & 335 & 328 & 322 & 315 & 309 & 302 & 295 & 289 & 282 \\
\hline
$[/tex]1,200[tex]$ & 338 & 332 & 325 & 319 & 312 & 305 & 299 & 292 & 285 \\
\hline
\end{tabular}

a. $[/tex]\[tex]$ 323$[/tex]
b. [tex]$\$[/tex] 337[tex]$
c. $[/tex]\[tex]$ 340$[/tex]
d. [tex]$\$[/tex] 344$

Please select the best answer from the choices provided.



Answer :

Alright, let's solve this step-by-step.

You earn \[tex]$1,166 gross taxable income every week and have claimed no exemptions. Your goal is to determine the amount of income tax withheld each week. We can refer to the table provided for income tax withholding amounts. The relevant income range that includes \$[/tex]1,166 is between \[tex]$1,160 and \$[/tex]1,170.

Let's examine the possible tax amounts listed in that range:

| At least | But less than | 0 allowances |
|----------|----------------|--------------|
| 1,160 | 1,170 | 323 |

Here we see that for weekly earnings between \[tex]$1,160 and \$[/tex]1,170 and with no exemptions, the income tax withheld is \[tex]$323. Thus, the correct amount of income tax withheld each week is $[/tex]\[tex]$ 323$[/tex]. So, the best answer from the choices provided is:

a. \$ 323