Paul and Simone both work for the same accounting firm. Paul is married and has two kids and takes three allowances on his W-4 form. Simone is single and does not have any children, so she takes one allowance on her W-4. Assuming Paul and Simone have the same gross pay, who would have a higher net pay?
Select the best answer from the choices provided.
Paul, because he would have less taken out for taxes
Paul, because he would have less taken out for FICA
Simone, because she would have less taken out for taxes
Simone, because she would have less taken out for FICA