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Find the amount of income tax withheld from Karen's semimonthly gross paycheck of \( \$ 1,937.50 \) using the percentage method tables in Exhibits, \( 9-1 \) and \( 9-2 \). Karen is married and claims 4 withholding allowances. select one: a. \( \$ 290.63 \) b. \( \$ 213.12 \) c. \( \$ 198.95 \) d. \( \$ 91.03 \)

Ask by Lynch Carter. in the United States
Feb 04,2025

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The amount of income tax withheld from Karen's paycheck is \$198.95.

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Bonus Knowledge

To find the amount of income tax withheld from Karen's paycheck, we first need to determine her taxable income after considering the withholding allowances. Each allowance typically has a specific dollar amount that can be deducted from the gross income. Based on the percentage method tables, we look up the applicable tax rate for her filing status and calculate the withholding based on her adjusted income. In this case, after calculating the tax based on the semimonthly gross paycheck of $1,937.50 and accounting for the 4 allowances, the correct amount of income tax withheld would be \( \$ 213.12 \) (option b). This reflects a fun little twist in numbers—consider it a mini math adventure where each allowance is like a special power-up that helps reduce the final tax amount!

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