If you earn $443 per week and claimed five exemptions, how much money will be withheld from you in a year if it totals $2,392?

If you earn $443 per week and claimed five exemptions, how much money will be withheld from you in a year if it totals $2,392?

• A. $2,100
• B. $2,392
• C. $2,600
• D. $2,500

Answer: (B)

The correct answer is based on understanding what is meant by withholding, specifically in reference to federal income tax withholding based on your earnings and exemptions claimed. If you earn $443 per week, you can multiply this figure by the number of weeks in a year (52) to get your annual income, which would be approximately $23,036. When you claim five exemptions, it effectively reduces the amount of income considered taxable, thereby influencing your overall tax withholding. The figure given for withholding from your income is $2,392. This specific amount represents the total federal income tax withheld from your paycheck throughout the year. Since the question asks how much will be withheld in a year, and the provided amount of $2,392 aligns with the total calculated, it stands as the accurate total withheld for that particular year. This matches the withholding figure stated in the question, confirming it as the correct answer. Assessing the other options reveals that they do not conform with the given total withholding amount.

The correct answer is based on understanding what is meant by withholding, specifically in reference to federal income tax withholding based on your earnings and exemptions claimed. If you earn $443 per week, you can multiply this figure by the number of weeks in a year (52) to get your annual income, which would be approximately $23,036.

When you claim five exemptions, it effectively reduces the amount of income considered taxable, thereby influencing your overall tax withholding. The figure given for withholding from your income is $2,392. This specific amount represents the total federal income tax withheld from your paycheck throughout the year.

Since the question asks how much will be withheld in a year, and the provided amount of $2,392 aligns with the total calculated, it stands as the accurate total withheld for that particular year. This matches the withholding figure stated in the question, confirming it as the correct answer. Assessing the other options reveals that they do not conform with the given total withholding amount.