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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 please select the best answer from the choices provided a b c d

Respuesta :

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

What is tax?

The person does not have another source of income, and there are no exceptions that are claimed by the person.

The withheld tax which is held every week can be calculated as;

Amount of income tax = 30 % of 1,166

Amount of income tax = $339.6

Amount of income tax = $340

Hence, 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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