According to the following table, if Elaine has 4 exemptions and makes $520 per week, her income tax withholding would be: B. $2.00.
In Mathematics and Financial accounting, a federal income tax can be defined as a type of tax that is typically levied on the annual earnings or wages of either individuals or business organizations.
By critically observing the table for a "Single Taxpayer, Weekly Withholding for the Year 20XX," we can reasonably infer and logically deduce that the withholding for 4 exemptions is $2.00 with respect to a weekly salary range of $500 to $600.
Complete Question;
If Elaine has 4 exemptions and makes $520 per week, what will her income tax withholding be according to the following table?
A. $1. 00
B. $2. 00
C. $3. 00
D. $5. 0