FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Ryan makes $932 gross income per week and keeps $716 of it after tax withholding. How many allowances has Ryan claimed?

| Weekly Gross Income | And the number of withholding allowances claimed is |
|---------------------|-----------------------------------------------------|
| At least | But less than | 0  | 1  | 2  | 3  | 4  | 5  | 6  | 7  | 8  |
| 900     | 910         | 240 | 222 | 205 | 187 | 170 | 159 | 148 | 137 | 126 |
| 910     | 920         | 244 | 226 | 209 | 191 | 174 | 162 | 151 | 140 | 129 |
| 920     | 930         | 247 | 230 | 212 | 195 | 177 | 165 | 154 | 143 | 132 |
| 930     | 940         | 251 | 234 | 216 | 199 | 181 | 167 | 156 | 145 | 134 |
| 940     | 950         | 255 | 238 | 220 | 203 | 185 | 170 | 159 | 148 | 137 |
| 950     | 960         | 259 | 242 | 224 | 207 | 189 | 173 | 162 | 151 | 140 |
| 960     | 970         | 263 | 245 | 228 | 210 | 193 | 176 | 165 | 154 | 143 |

- One
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- Three
- Four

*Explanation:*

The table provided shows the amount of money left after tax withholding based on the gross income range and the number of withholding allowances claimed. For Ryan, who makes $932 gross income per week and keeps $716, we need to find the row for income between $930 and $940. We then look across the table in that row to find where the value $716 falls under the "And the number of withholding allowances claimed is" section. 

By comparing $716 to the values in the row, we can deduce the number of allowances Ryan has claimed.
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Transcribed Image Text:Ryan makes $932 gross income per week and keeps $716 of it after tax withholding. How many allowances has Ryan claimed? | Weekly Gross Income | And the number of withholding allowances claimed is | |---------------------|-----------------------------------------------------| | At least | But less than | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | | 900 | 910 | 240 | 222 | 205 | 187 | 170 | 159 | 148 | 137 | 126 | | 910 | 920 | 244 | 226 | 209 | 191 | 174 | 162 | 151 | 140 | 129 | | 920 | 930 | 247 | 230 | 212 | 195 | 177 | 165 | 154 | 143 | 132 | | 930 | 940 | 251 | 234 | 216 | 199 | 181 | 167 | 156 | 145 | 134 | | 940 | 950 | 255 | 238 | 220 | 203 | 185 | 170 | 159 | 148 | 137 | | 950 | 960 | 259 | 242 | 224 | 207 | 189 | 173 | 162 | 151 | 140 | | 960 | 970 | 263 | 245 | 228 | 210 | 193 | 176 | 165 | 154 | 143 | - One - Two - Three - Four *Explanation:* The table provided shows the amount of money left after tax withholding based on the gross income range and the number of withholding allowances claimed. For Ryan, who makes $932 gross income per week and keeps $716, we need to find the row for income between $930 and $940. We then look across the table in that row to find where the value $716 falls under the "And the number of withholding allowances claimed is" section. By comparing $716 to the values in the row, we can deduce the number of allowances Ryan has claimed.
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