You earn $1,166 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? for weekly gross income between 1,160 and 1,170 dollars and claiming no exemptions, 340 dollars will be withheld each week. a. $323 b. $337 c. $340 d. $344

Respuesta :

They are exempt from income tax and we would get the income tax withheld as $340

What is income tax?

Income tax is a tax applied on individuals or entities concerning income or profit earned by them.

You earn $1,166 gross taxable income every week and have claimed no exemptions. assuming that you have no other sources of income.

Gross taxable Income = $ 1,166

Rate of Income tax = 30%

Amount of income tax = 30 % of 1,166

 = 30/100 × 1,166

= $339.6

= $340

Therefore. they are exempt from income tax and we would get the income tax withheld as $340.

Read more about taxable income here:

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Answer:

340

Step-by-step explanation: