Question

Tim Worker estimates his taxable income will be $7,000. He is paid twice a month or 24 times a year. Because Tim has only one source of income, he uses the Tax Tables to estimate how much will be deducted from his pay for withholding.

Answer 1

Answer: finds the tax rate for his income level: 10%

Enters the base amount 29.16

Enters the amount of tax owed: 700

Divides by: 10 =:700

Explanation:

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